BrickX is a fractional property investment approach, which allows people to access property as an investment from as little as $100 per ‘brick’.
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.
Single parent, Brent Miller, has been involved in real estate investment platform BrickX for about 12 months.
Mr Miller said that while he still wants to own a home eventually, “my circumstances would have to change fairly drastically for it to be realistic”.
“When you’re on low income, even saving that deposit is a process that takes years,” the 45-year-old Dapto resident said.
“Being older, I don’t have that many years left, 15-20 years, and I’m at retiring age.
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