BrickX allows investors to buy tiny shares in Melbourne and Sydney properties, by Barbara Miller.
Tegan Lawson does not expect to own her own home in Sydney for at least another 10 or 15 years, but investing in a new start-up called BrickX is giving the 33-year-old the sense of entering the property market.
The company buys properties, divides them into 10,000 shares, or bricks, and offers them up to investors for between about $50 and $150, depending on the value of the property.
“That’s the beauty of it, that you get to feel like you’re in, and you’re involved and you’re not just sitting on the sidelines thinking I’ll never be able to do this,” she said.
Crazy, late-bubble thinking. Like the plan to use super for buying a house.
Houses used to be cheap, affordable by most people in their 20s — before governments allowed the over-manufacture of money and under-allocated land for new houses.