New method of property investment starts next Monday .. https://www.brickx.com
What is a Brick? A Brick is a fraction of a property. 1 Choose your property 2 Buy your Bricks 3 Earn Rental Income 4 Sell your Bricks for Capital Returns Why BRICKX? Instant Ownership Choose your property in minutes, and instantly own Bricks in an investment property. Anyone can invest Feeling locked out of the property market? With Bricks available for under $100, now all Australians can invest in residential property. Property Transparency For every BRICKX property, we provide Forecast Cashflows, Purchase Price, Independent Brick Valuations, and more to give you greater investment control. “A new way to invest in property through BRICKX exchange” by Su-Lin Tan Sep 12 2016 at 12:01 AM www.afr.com/real-estate/100-a-brick-a-new-way-to-invest-in-property-through-brickx-exchange-20160908-grbvbg? Investors who are averse to large upfront payments, traditionally associated with property investments, can now buy parcels of a property known as "bricks" for less than $100. BRICKX is Australia's first "stock exchange" for residential property investment and it is being launched on Monday by alternative investment powerhouse BridgeLane. BRICKX means investors can go online, set up an account and buy and sell bricks of property without having to attend a single auction. It has taken Mr Kahbletzer, the son of agribusiness baron John Dieter Kahlbetzer, and his new chief executive Anthony Millet two years, and an investment of $3.5 million, to create "Australia's first fractional property investment model". Crowdfunding got the idea going two years ago, Mr Kahlbetzer said. "We asked 'How do we create a short-term model [for property] that people can get in and out of when they want to, and which is not an equity syndicate, with no liquidity?" he said. The team behind BRICKX includes buying agents and two other advisers in addition to Mr Lawless – Colliers International's Peter Chittenden and realestate.com.au's chief economist Nerida Conisbee. "I am struck by how low the model makes barriers to entry into property," Mr Lawless said. "You can buy in without the high commitment, diversify your portfolio and use it for hedging [to access expensive suburbs]." Each property is split into 10,000 bricks and no one investor can buy more than 5 per cent of the bricks, so the minimum number of investors is 20. "So you can't have a takeover, unlike the stock exchange," Mr Millet said. BRICKX has five initial properties for investment – three apartments in Mosman, Enmore and Double Bay, a house in Annandale (all in Sydney) and an apartment in Prahran in Melbourne. BRICKX sticks to tier-one properties priced between $500,000 and $1.5 million. Each property is underwritten by BridgeLane but it does not own the properties, which are instead placed in trusts and managed by the trustee – Theta Asset Management – which also acts as the property's responsible entity. It fully distributes the net income on properties to investors monthly. BRICKX makes a 1.75 per cent commission for every brick transaction. At the end of five years, it is investors who decide to continue, or discontinue, with their investments. At any time, 50 per cent of each property's investors can also decide to wind up the investment. But every investor can sell their bricks to another investor using the trading platform any time. The business, now a scheme approved by the Australian Securities and Investments Commission, already has close to 200 pre-launch investors who have invested $400,000 in bricks. While BridgeLane is known for its many "disruptor" businesses including tech company Amaysim, and services marketplace Airtasker, BRICKX was not one of them, Mr Millet said. Rather, it was a long-awaited business poised to revolutionize property investment. Cheers, Stephen Nb: $0 association _______________________________________________ Link mailing list [email protected] http://mailman.anu.edu.au/mailman/listinfo/link
