Imagine investing in the lucrative housing markets of Sydney and Melbourne for less than $100. It is possible, writes Money founding editor, Pam Walkley.
Would you love a stake in the lucrative Sydney and Melbourne residential markets, but don’t have anywhere near enough money to buy an investment property?
Crowdfunding and similar models, where investors pool their funds to invest through net-based platforms, could be the answer. For example, BRICKX (brickx.com) enables you to invest in prime residential property with less than $100. You could buy a share (or Brick) in an apartment in the prestigious inner-Sydney suburb of Double Bay for $97. If you had $48,500 to invest, you could buy up to 500 Bricks of the 10,000 Bricks the $1.395 million property is divided into, or five per cent, the maximum any single investor can hold.
This approach to real-estate investment breaks down many of the traditional barriers to property ownership, including affordability, high initial costs, big borrowing requirements, lack of liquidity and long investment periods.
This story is from the May 2017 edition of The Australian Women's Weekly.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 2017 edition of The Australian Women's Weekly.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Hitting a nerve
Regulating the vagus nerve with its links to depression, anxiety, arthritis and diabetes - could aid physical and mental wellbeing.
Take me to the river
With a slew of new schedules and excursions to explore, the latest river cruises promise to give you experiences and sights you won’t see on the ocean.
The last act
When family patriarch Tom Edwards passes away, his children must come together to build his coffin in four days, otherwise they will lose their inheritance. Can they put their sibling rivalry aside?
MEET RUSSIA'S BRAVEST WOMEN
When Alexei Navalny died in a brutal Arctic prison, Vladimir Putin thought he had triumphed over his most formidable opponent. Until three courageous women - Alexei's mother, wife and daughter - took up his fight for freedom.
The wines and lines mums
Once only associated with glamorous A-listers, cocaine is now prevalent with the soccer-mum set - as likely to be imbibed at a school fundraiser as a nightclub. The Weekly looks inside this illegal, addictive, rising trend.
Jenny Liddle-Bob.Lucy McDonald.Sasha Green - Why don't you know their names?
Indigenous women are being murdered at frightening rates, their deaths often left uninvestigated and widely unreported. Here The Weekly meets families who are battling grief and desperate for solutions.
Growing happiness
Through drought flood and heartbreak, Jenny Jennr's sunflowers bloom with hope, sunshine and joy
"Thank God we make each other laugh"
A shared sense of humour has seen Aussie comedy couple Harriet Dyer and Patrick Brammall conquer the world. But what does life look like when the cameras go down:
Winter baking with apples and pears
Celebrate the season of Australian apples and pears with these sweet bakes that will keep the midwinter blues away.
Budget dinner winners
Looking for some thrifty inspiration for weeknight dinners? Try our tasty line-up of low-cost recipes that are bound to please everyone at the table.
