OpenCorp expands into Queensland development


Source: Property Observer

Melbourne-based property investment company OpenCorp has acquired sites in Queensland to develop an estimated $360 million in projects at Albion and West End.
The Albion site was bought for $11 million, inclusive of existing development approval for 154 apartments.
Designed by Hayes Andersen Lynch Architects , the development will comprise one, two and three-bedroom apartments worth an estimated total of $89 million.
OpenCorp expects Albion’s housing values to rise significantly, being five kilometres from the CBD and bordering on the blue-chip areas of Ascot, Hamilton and Clayfield.
Read the rest of this article

Learn More.

Property Investing and Land Use Constraints

Most of us know that the use of a property is affected by the “zone” that it is in, but very few…

Will rising interest rates and inflation cause house prices to collapse?

If some media articles were to be believed, the sky is falling in on us. The media like to focus on a…

Are interest rate rises good or bad for property investors?

The recent move by the Reserve Bank to lift interest rates has created a lot of commentary. But how much of it…