Looking to get on the Property Ladder?
The Bricklet marketplace allows buying and selling of property “fragments” that cost a fraction of the cost of a whole property. The wait is over!
— So how does it work?
Property titles are fragmented into smaller pieces we call “bricklets” and each “bricklet” is registered with the lands title office …. Simple! It’s like buying a whole property, just smaller pieces.
For example, with a $400,000 apartment, the title of the property is broken up into 20 ‘bricklets’, which sell for $20,000 each. You could purchase a diverse portfolio of bricklets across Australia for less than the price of one individual property.
Own it upfront. First payment of
10% + transaction costs. With your
name on the land title.
Pay over 18 months.
No interest charged, ever.
Automatic payments keep things
Backed by some of the biggest names in the business
Bricklet may be a new and innovative property platform but it has the backing of some of the biggest and most established names
in the property industry including Mirvac, Stockland REA and more
Our bricklet investors and their experience
Yes, you will receive rental income throughout the payment period if the property is tenanted.
Currently, the payment option is available on properties in Melbourne, Brisbane and Sydney and we’re working with property developers to add other locations soon.
The payment plan for bricklets is only available on certain properties.
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 property fragments through the BRICKLET platform. As such, it is up to the vendor to choose whether they would like to offer the payment plan for the bricklets they are selling.
BRICKLET is only responsible for the transacting of the property fragments.
Customers will be sent reminders from the vendor when payments are due.
The vendor will work with you to understand your situation and come up with an alternate plan. You may be subject to having their Bricklet sold to pay off the remaining payments.
Payment plans are typically structured over 18 months. The full remining amount of the payments can be made at any time.
The initial upfront payment is 10%. Followed by 18 monthly payments of 5% of the bricklet price. Totaling 100%.
BRICKLET does not charge any fees to use the payment plan. 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.
Payments are collected via vendor, usually by automatic direct debit.
Payment plan 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.