New online platform promises to break down property investment barriers

by Julia Corderoy24 Apr 2015
A new investment platform, which promises to break down traditional property investment barriers, has announced it will now allow funds to invest superannuation into residential property for as little as $66.

BrickX is an online platform which provides investors with a new way of investing in Australian real estate. It allows investors to buy and sell ‘Bricks’ (individual interests) in specific properties on the platform, instead of needing to buy properties outright.

Originally launched to enable wholesale investors to acquire an economic interest in individual properties by trading ‘Bricks’, the chief executive of BrickX, Darren Patterson says the platform has now opened its doors to Australian SMSFs due to growing demand.

“Gone are the days of trustees having to scroll through real estate listings, attend auctions, appoint buyers’ agents or spend countless more hours trying to successfully complete a transaction,” he said.

“Through BrickX, people can invest into carefully selected residential properties literally from the comfort of their own home or office.

“We expect that the hassle-free nature of the platform will prove to be an attractive channel for SMSFs to gain exposure to the Australian real estate market.”

According to ATO statistics, 16% of all SMSF assets are holdings of direct Australian property, as at December 2014. Almost 4% of total SMSF assets are holdings of residential property specifically. 

Patterson has announced that BrickX will now begin promoting the platform and its benefits to trustees and their advisors through advertising and digital channels.

“The BrickX platform will break down traditional property investment barriers and will help facilitate greater state-to-state investments moving forward.

“I believe that SMSF trustees by their very nature have an appetite for diversity and appreciate freedom around investment choices.

“BrickX has created a new asset class that we believe will satisfy many of the investment desires of SMSF trustees and their advisors across the country.”

Dividends derived from the properties’ yields are distributed to investors on a monthly basis.


  • by Papery 24/04/2015 11:53:28 AM

    You know what they say when it sounds too good to be true... What about the RISK?? There's always RISK...

  • by Michael Kent 24/04/2015 12:22:05 PM

    I looked at the web site. Maybe not a good idea to put the returns on the main page if the returns are poor.

    Most returns are .2% which isn't really appealing if I throw $10k at it and I am making $20 a month!

    The biggest return I could see was 4% which is appealing but there are obviously no guarantees it will perform at that level each and every month.

    Interesting concept though.

  • by Regional Broker 24/04/2015 1:29:48 PM

    HMMM! Where is the advice for the trustees and does it fit into the investment strategy that the individual SMSF has?

    It seems like another set up for an investment fund specialising in Property. Sounds far too good to be without risk!!