We will soon be launching a new property in Melbourne and we couldn’t be more excited! Our first property of 2020 is located in Clyde North in the high growth precinct of City of Casey near Cranbourne and Pakenham. This property is a 2 storey, 4 bedroom house with a double garage and is part of the Eliston estate masterplan.
The investment case
- Very Strong Estimated Net Rental Yield of 9.12%1
- Historic annual suburb growth of 7%2
- Low Initial Brick Price of approx. $47
- <50% Gearing on Property Purchase
We will be moving towards accepting Pre-orders from 14 August. There are no transaction fees on the Bricks during the pre-order period!
If you’re thinking about pre-ordering Bricks on launch day, we recommend depositing funds into your BRICKX wallet as soon as possible. Funds deposited using POLi are available instantly (up to $20,000). If depositing using BPAY, funds take 1-3 business days to appear in your wallet.
The PDS is currently being finalised and will be available together with the invitation to pre-order bricks for you to consider if this the right investment for you. See brickx.com/pds and Terms & Conditions.
New to BRICKX?
We break the down traditional barriers that exist when it comes to investing in residential property. This unique approach, called fractional property investment, allows Aussies to access property as an investment from as little as $32 per Brick.
References:
1 – Based on estimated property rental income of $1,425 /week
2 – Cumulative Average Growth Rate. CoreLogic Median Price Index. Past performance is not an indicator of future performance.
The opinions and beliefs expressed by the authors and forum participants as part of this communication do not necessarily reflect the opinions and beliefs of BrickX, BrickX Financial Services or other entities within the BrickX group.
