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Buy Now Pay Later is coming to real estate, giving investors an alternative avenue to realising their dreams of property ownership.
As housing affordability continues to be a pressing issue, especially for younger generations, and the national housing market rebounds solidly from COVID-19....
Read moreOwn it upfront. First payment of
10% + transaction costs. With your
name on the land title.
Pay over 18 months.
No interest charged, ever.
Simple.
Automatic payments keep things
simple. Our affordability check
confirms affordability.
Please include your details and our team will be in touch to answer your question. We’ll also set you up if you’re keen to proceed. Obligation free of course.
Yes, you will will receive rental income throughout the payment period if the property is tenanted.
Yes, BRICKLET will make Buy Now Pay Later bricklets available Australia wide. Currently, the buy now pay later option is available on properties in Melbourne, Brisbane and Sydney and we’re looking to add other locations soon.
Buy Now Pay Later bricklets are only available on certain properties.
We’ll work with you to ensure you are able to structure this into your monthly budget.
As with all properties fragmented through BRICKLET, property management is provided by independent property management companies that have been approved and integrated into the BRICKLET platform.
All bricklet owners are registered on the property land title, giving them total control of their bricklet independent of other bricklet owners.
Property vendors have ultimate control on how they sell their fragmented property through the BRICKLET platform. As such, it is up to the vendor to choose whether they would like to offer Buy Now Pay Later bricklets in the sale of the property.
BRICKLET is only responsible for the fragmentation of the property.
All property vendors that sell their fragmented property through the BRICKLET platform can decide whether they wish to offer Buy Now Pay Later bricklets.
Customers will be sent reminders when payments are due.
Depending on the situation, a payment plan can be developed to help customers take full ownership of their bricklet. If a payment plan is not possible, the purchaser may be subject to having their Bricklet sold and any losses/costs recovered
Payment plans are structured over 18 months. Longer terms may be provided in the future. Buy Now Pay Later bricklets can be paid early, as there are no fees for early payments.
The initial 10% payment secures the purchase.
BRICKLET does not charge any further fees to purchase a Buy Now Pay Later bricklet. However, like all property, when buying a bricklet the purchaser will be required to pay conveyancing fees, stamp duty and other property related costs which equates to 6% of the bricklet price.
Because there are no fees with purchasing Buy Now Pay Later bricklets, BRICKLET requires all customers to make an initial 10% payment upfront to secure the purchase. This initiates the transfer of property title ownership to the customer, who is required to make regular ongoing payments for the next 18 months.
One Buy Now Pay Later Bricklet can be purchased per person
Payments are collected via direct debit and automatically stopped upon completion.
Buy Now Pay Later option is offered by the property vendor.
This is not a loan product. It is a payment plan with zero interest incurred.
You can sell any time. Using the proceeds to pay the remaining balance.
