Just $82 will buy you a slice of this Perth house
A Perth house is going on sale, with investors able to buy a small bit of it for just $82.
Australian fintech BrickX buys up investment properties and allows investors to purchase a slice of them by dividing it into small units called “Bricks”.
While the idea, dubbed fractional real estate investment, is not new, Sydney-based BrickX took it to retail investors in 2015 at the height of Australia’s property boom when many ordinary folks were priced out of the market.
The startup already has properties in Sydney, Melbourne, Ballarat and Adelaide — but this is the first time it has ventured into the Perth market.
“It’s no secret that the Perth property market has been slow over the last four years, however our property team believes that the Perth house market is approaching the bottom of the property cycle,” said BrickX founder Markus Kahlbetzer.
The brick house in Kensington, just 3km south of downtown Perth, has three bedrooms and two bathrooms. Pre-orders will open for one week from 1pm Tuesday February 19 with BrickX waiving the purchase fee during that period.
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