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