Forums / Property Investing / Creative Investing / Residential IP fractional ownership insights?

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  • Profile photo of fxdaemonfxdaemon
    Participant
    @fxdaemon
    Join Date: 2013
    Post Count: 113

    Hi experts
    There are at least a couple of fractional ownership products in the residential IP in Aust market
    and I am wondering if anyone here has had any experience and may be able to share some first hand
    insights?

    Thanks
    FXD

    Profile photo of DeanCollinsDeanCollins
    Participant
    @deancollins
    Join Date: 2015
    Post Count: 372

    I can only talk about BrickX as its the only one I’ve looking into.

    Seems like a well run group however a things I cant get past……
    1/ Their PM fees seem very high
    2/ Their “pre-purchase” structure seems prone to abuse
    3/ their entry and exit costs are high’ish’ (though no worse than stampduty/agents fees etc etc BUT bricks and mortar shouldn’t be like buying stocks.

    That’s said, seem to be the best of the bunch and if you think returns are acceptable to you then all power to you.

    Profile photo of JackJack
    Participant
    @jackmurphy
    Join Date: 2017
    Post Count: 4

    Hi, I know this is a bit of an older thread but I’ve been looking into the concept of Fractional Property Investment and how Brickx works and I was wondering if anyone had actually taken the plunge and bought a brick?

    If so, how did it work out for you?

    Also if you know of a better thread, I’m all ears.

    Profile photo of DeanCollinsDeanCollins
    Participant
    @deancollins
    Join Date: 2015
    Post Count: 372

    Hi Jack,

    Sorry for the delayed response.

    Yes I bought a brick (well I bought it for my nephew to try and open his eyes about who delayed gratification works etc and makes money while you sleep).

    What do you want to know?

    You buy….you collect rent. If you decide you want to sell….you sell on their platform (they take a cut) and you get the cash (hopefully with a LTCG).

    Pretty straight forward.

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