There’s a new disruptor in town, with its eye on property investment. For the first time, Australian investors can own a slice of residential property for as little $100.
Welcome to Brickx.
Purchasing property, then dividing the ownership into units or “Bricks” the company Brickx offers an affordable option for investors to enter the property market. For example, a property purchased for $1 million is divided into 10,000 bricks worth $100 each.
Average Australians are jumping at the chance to own a piece of property as the traditional method of purchasing an investment property can often be time-consuming, daunting and expensive. Brickx can be an option to those who want to invest in property, without having to compromise their savings or lifestyle, while also being a good option for those wanting to diversify their portfolios.
Need for caution.
There have been several warnings sounded over the state of the Australian property market, with many residential markets still under-supplied. Investors need to consider the current market supply and demand and possible liquidity if they
needed to offload the investment quickly. As an Australian first, Brickx is a definite game changer within the property investment circle, opening up previously closed markets to investors, especially to the younger investment market who may not have the funds to purchase a property privately. BrickX allows investors choice but as always, consult with a financial advisor if a Brickx investment is for you. Happy Investing!