Your Questions

Your Questions

Here is are some of the questions we get asked most often. We hope you can find the answers you’re looking for below but if you need any further help or information please get in touch.

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What is BRICKLET?

BRICKLET is an Australian owned business that helps Aussies invest in property without the need for a massive deposit. Instead of buying an entire property, you buy a fragment of a property or what we call a bricklet. Each bricklet comes with a deed and can be sold at any time.

A Simple Example
A $1M property is fragmented into 40 bricklets, each valued at $25k. Each bricklet owner is registered on title and owns 1/40th of the property.

Darren - What is a bricklet?
Who is behind BRICKLET?

BRICKLET is backed by the biggest names in Australian real estate – Mirvac, Realestate.com.au and Stockland

Ray - Who is behind BRICKLET?
What is Independent Part Ownership?

It just means that all the owners of the property are on the title together with independent ownership supported by the BRICKLET platform. It means owners can sell their part (bricklet) independently of each other.

Who manages your property?

Your property manager is appointed from the BRICKLET Certified Panel of Approved Licensed Property Managers. They will manage the property on behalf of all owners.

Darren - Who manages your property?
What is the cost of buying a Bricklet?

The price of every bricklet depends on the total cost of each property. BRICKLET does charge you a 6% fee to buy a bricklet. The fee is just to cover all costs associated with the purchase, such as stamp duty, legal fees, and registering with the land titles office.

Darren - What is the cost of buying a Bricklet?
What happens if I want to sell my Bricklet?

No problem. You simply login to your BRICKLET account and select the bricklet you want to sell and list it on our platform. You can get an agent to help you to appraise its value. We find that bricklets sell faster than the average property in Australia.

What are the costs of selling my Bricklet?

We charge you 1% of the sale price. This covers the conveyancing costs associated with the transfer of ownership on the land title.

Are there any ongoing costs with owning a Bricklet on the platform?

No, no way- there are no ongoing fees charged by the BRICKLET platform.

Darren - Are there any ongoing costs with owning a Bricklet on the platform?
How is my Bricklet valued?

BRICKLET does not provide valuations for your bricklet. BRICKLET does allow approved property research firms to publish price estimates and owners can request independent valuations at any time.

Can I purchase a Bricklet with my self-managed super fund?

Yes, you can purchase a bricklet with any legal including a super fund, trust or company.

Darren - Can I purchase a Bricklet with my SMSF?
Can I get finance to buy a Bricklet?

Yes. There are lenders that provide finance to assist you in purchasing a bricklet. Please note that bricklets list for sale cannot have any money owing on them.

Ray - Can I get finance to buy a Bricklet?
Can I borrow against my Bricklet portfolio?

Yes, there are lenders that provide finance to assist you in purchasing bricklets.

Darren - Can I borrow against my Bricklet portfolio?
Do I get to make decisions regarding the property?

When you purchase a bricklet in a property, you get access to a communications portal allowing owners to have input. You can choose to be actively involved in the property or not.

How do I purchase a Bricklet?

It’s nice and simple – you open a BRICKLET account, validate your identification, deposit funds and you are ready to buy your bricklets.

Darren - How do I purchase a Bricklet?
Do I need a conveyancer?

Yes, and we have a selection for you to choose from. The cost is covered in your fee.

Darren - Do I need a conveyancer?
How are expenses of the property paid?

Costs are covered by your rental income, part of which is paid to the property manager to use as needed.

Darren - How are expenses of the property paid?
What happens if there is insufficient rental income to pay expenses of the property?

Property managers will cover those expenses and then recoup the costs from future rental income.

Darren - What happens if there is insufficient rental income to pay expenses of the property?
How do I sign-up to BRICKLET?

It’s a simple and quick process:
1. Create or log into your BRICKLET account here
2. Click the ‘Dashboard’ tab 3. Click the ‘Verify my user’ button and follow the online prompts to upload your identity documents as either a ‘user’ or ‘organization’

  • Passport
  • Driver Licence or Medicare Card
  • Utility Bill
  • Entity Documents (if registering as an organization)

4. Once complete, you will be able to deposit funds into your BRICKLET account and purchase your first bricklet.