BRICKX busts into Balmain with bricks from $140
BRICKX is offering Bricks in a house in Balmain from $140 from this Thursday.
CEO Anthony Millet expects BRICKX’s 13th property to be popular with investors looking for exposure to the sought-after residential real estate market in Sydney’s inner-west.
“BRICKX strives to make property investment affordable and we’re thrilled to provide access to this architect-designed freestanding cottage in Balmain at an entry price of $140 per Brick,” Mr Millet said.
CoreLogic figures show median house prices in Balmain have increased by 13 per cent per year over the five years to the end of April 2017.
The three bedroom, one bathroom house on Clayton Street has high ceilings, hardwood floors and features a private, landscaped courtyard.
“Balmain offers an enviable lifestyle surrounded by water and parkland. It’s less than six kilometres from the Sydney CBD and is known for its great pubs, café culture and boutique shopping strip” Mr Millet added.
CoreLogic Head of Research Tim Lawless, who also sits on the BRICKX Adviser Panel, says there is strong demand for properties close to the city that offer a village lifestyle.
“Balmain has a strong rental market which has contributed to ongoing low vacancy rates and high demand. With convenient access to the CBD via bus and ferry, the area is particularly popular with professional couples and families.”
BRICKX properties are each put into an individual trust and split into 10,000 units or “Bricks”. Investors may then earn capital returns and monthly net rental income in proportion to the number of Bricks owned. BRICKX enables members to choose when to invest and when to exit their investments by offering their Bricks for sale on the Platform, making them available for other investors to purchase.
Since launching in September last year, BRICKX now has over 6,000 active members with the median sale time of Bricks sitting at around eight hours.
With properties already in Manly, Potts Point, Surry Hills, Darlinghurst, Bondi Beach, Double Bay, Mosman, Enmore and Annandale in Sydney, and Brunswick West, Port Melbourne and Prahran in Melbourne, members can easily access a variety of property investments – many from under $100.
To pre-order your Bricks in Balmain go to www.BRICKX.com and read the PDS to consider if BRICKX is right for you.
