Property investment platform startup BRICKX has recently announced receiving an investment from NAM’s corporate venture capital branch, NAM Ventures as part a multi-million dollar funding round. This follows a recenty investment in BRICKX by Westpac’s Reincenture fund which happened late last year. This money goes into funding BRICKX as an investment platform that enables retail investors to invest in part of a property for a couple hundred dollars.
This ability to invest in a small part of a residential property is often referred to as fractional property investment, and is a solution for Australians looking to enter the residential property market who may not be able to afford a deposit with today’s prices. BRICKX only launched to retail investors in September 2016 and already boasts over 9000 members, proving the demand for fractional property investment is there. BRICKX offers 14 properties across a number of major Australian cities in which Australians can invest in, or buy some bricks.
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