Australian Investors have a strong love affair with real estate as an investment vehicle, with Aussie real estate prices rising seemingly year after year, making it a clear favorite investment choice to invest over other asset classes like shares.
Today Australia now has its first official property exchange called BRICKX, where you can buy and sell real estate by the brick. Each brick can be purchased for as little as $100 each, making owning real estate an much easier option for investors.
One of the drawbacks or challenges traditionally for investing in real estate is the high cost of entry for most properties in Australia with the median price around $580,000*. With the BRICKX exchange you can purchase one brick or a number of bricks of a property within the exchange, which significantly lowers the entry cost into real estate to one brick or $100.
Each property within the exchange is split among 10,000 bricks with each investor allowed to own up to 5% of the bricks for any single property.
The other benefit of the BRICKX exchange is that it provides an investor with a more liquid option to exit their investment compared to traditionally owning the entire property.
The BRICKX exchange currently has 5 properties so far available with 4 of them in Sydney and 1 in Melbourne.
www.afr.com - Subscription required.
Disclaimer: This post was for educational purposes only, and all the information contained within this post is not to be considered as advice or a recommendation of any kind. If you require advice or assistance please seek a licensed professional who can provide these services.
Via Social Icons
Crush The Market Follows:
- Peter Schiff
- Bert Dohmen
- Steve Keen
- Rick Santelli @ CNBC
- Robert Kiyosaki
- Daily Reckoning
I am a private trader and equities investor that loves the trading and investing world, following the markets and everything in between.