{"id":14265,"date":"2017-10-10T01:00:29","date_gmt":"2017-10-09T14:00:29","guid":{"rendered":"http:\/\/www.realestatetalk.com.au\/?p=14265"},"modified":"2017-10-10T01:00:29","modified_gmt":"2017-10-09T14:00:29","slug":"buy-a-brick-and-become-an-investor-anthony-millet","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/buy-a-brick-and-become-an-investor-anthony-millet\/","title":{"rendered":"Buy a brick and become an investor \u2013 Anthony Millet"},"content":{"rendered":"

In the last 12 months, BRICKX has grown from offering just four properties to 14 across three capital cities and have nearly 7,000 investors throughout Australia.\u00a0 Many investors are relishing the model because it’s the only way they can get a toehold in the booming property market with “Bricks” from less than $100.\u00a0\u00a0 We catch up with the BRICKX CEO, Anthony Millet<\/strong> to find out a bit more about the people who are choosing to invest in this way.
\nTranscript:<\/strong>
\nKevin:<\/strong>\u00a0 Several months ago, I interviewed the CEO for BRICKX. I told you about that company. Well, here we are 12 months down the track. They are still going. Not only are they still going, but they\u2019re absolutely booming. Anthony Millet joins me. He is the CEO for BRICKX.
\nCongratulations. Happy birthday, too, Anthony, by the way.
\nAnthony:<\/strong>\u00a0 Thanks very much, Kevin. It\u2019s great to be back.
\nKevin:<\/strong>\u00a0 Twelve months. A fascinating model. Just walk me through again how the model actually works and how people can become involved in it.
\nAnthony:<\/strong>\u00a0 The BRICKX website is available to everyone. They can go online, sign up very easily, and they can invest in residential real estate \u2013 currently in Sydney, Melbourne, and Adelaide \u2013 for under $100. The average portfolio is $2200, so they\u2019re a lot bigger than that, but you can get in for under $100.
\nThe way it works is our expert buying team finds existing properties in highly desirable locations within Sydney, Melbourne, and Adelaide at the moment. We put them into an individual trust, so one property per trust, which is split into 10,000 units, or bricks, as we call them. Investors can then buy anything from one up to 500 bricks, or 5% of the property.
\nAll the properties are rented out, and when the rental income comes in, the professional property managers pay the water, the council, the strata, and all the other expenses, etc. The rental income that remains is then distributed amongst all of the brick-holders on a monthly basis. So every month, every brick-holder will get their share of the rental income.
\nIn addition, investors can make money from the capital growth of the property, and as the property changes in value, we update that brick price, which shows you the uplift \u2013 or if the property goes down in value, it could be a downward fall in the value of the property.
\nWhat\u2019s also quite unique on our platform is the ability for an investor to be able to put their bricks up for sale at any time they want. So, you\u2019re not investing on anyone else\u2019s time horizon. You put up your brick when you want, when it suits you.
\nKevin:<\/strong>\u00a0 The properties, you mentioned there you have an expert group who actually seek these properties out. How successful has that been? In other words, what is the percentage of properties that have improved as opposed to those that have fallen back?
\nAnthony:<\/strong>\u00a0 We haven\u2019t had anything that\u2019s fallen back yet. We\u2019re invested in Sydney and Melbourne mostly, so we\u2019ve been in some pretty strong markets there. The best performing asset that we\u2019ve had over the last 12 months was a house in Annandale in Sydney that is up 22% since a year ago. And we\u2019ve been pretty successful at being able to acquire assets.
\nThe great thing about our property team is that we\u2019re focused on value assets and we\u2019re not emotional buyers, so we\u2019re generally not going to auctions because we never win at auction. We\u2019re looking for those properties where we can get a really good deal that represents what we think is good fair market value for our investors.
\nKevin:<\/strong>\u00a0 Anthony, what have you learned about the profile of your average investor?
\nAnthony:<\/strong>\u00a0 We have those at the age of 18 to 30 who are entering the property market for the first time \u2013 some just dabbling, others saving their housing deposit in line with the market \u2013 to those over 35 and upwards who are generally using this as a diversification strategy, now able to invest some of their savings in high-quality residential real estate alongside shares and cash, etc., whereas they may have been excluded from buying this asset class before.
\nKevin:<\/strong>\u00a0 Of those people who have decided to sell for whatever reason, has that been a difficult process? How does that actually happen?
\nAnthony:<\/strong>\u00a0 One of the key benefits of the BRICKX platform is the ability to be able to put your bricks up for sale at a time that you choose \u2013 and also at a price that you choose. That mechanism and that process has worked really well since we launched.
\nWe\u2019ve had about 25% turnover of the investments on the platform, and that has been across a median time of 12 hours. So, it\u2019s taken a median time of 12 hours for someone to be able to sell their position in residential real estate, which is obviously a lot quicker than it would take you to sell an entire home.
\nKevin:<\/strong>\u00a0 It\u2019s a bit like having a share portfolio in a way, isn\u2019t it?
\nAnthony:<\/strong>\u00a0 It\u2019s similar, but you\u2019re building a portfolio of units within individual different properties. We find that in terms of the ease of the process, people are able to access the website via any kind of device and it\u2019s very easy to buy and sell bricks.<\/p>\n","protected":false},"excerpt":{"rendered":"

In the last 12 months, BRICKX has grown from offering just four properties to 14 across three capital cities and have nearly 7,000 investors throughout Australia.\u00a0 Many investors are relishing the model because it’s the only way they can get a toehold in the booming…<\/p>\n","protected":false},"author":176692471,"featured_media":14266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,34,10,11,13,36,25],"tags":[101],"class_list":["post-14265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-finance-topic","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nBuy a brick and become an investor \u2013 Anthony Millet - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/buy-a-brick-and-become-an-investor-anthony-millet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Buy a brick and become an investor \u2013 Anthony Millet - 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