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Independence Day for Property Part Ownership

  • June 04 2020
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Independence Day for Property Part Ownership

By Bricklet
June 04 2020

Promoted by Bricklet

Australia is littered with disasters. From lovers, brothers, mothers or others buying property with friends, family or investment partners. The good intentions of affordability paving the road to a hell of complications.

independence day for property part ownership

Independence Day for Property Part Ownership

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  • June 04 2020
  • Share

Promoted by Bricklet

Australia is littered with disasters. From lovers, brothers, mothers or others buying property with friends, family or investment partners. The good intentions of affordability paving the road to a hell of complications.

independence day for property part ownership

Property fragmentation cleans it all up.

As backyard barbecues grow beyond contagion limits, so will the stories. Told over clinking glasses, crumbling garlic bread, burned meats and general merriment. With most avoiding the social taboos - sex, politics and viruses - the conversations quickly digress to property.

Who’s making a killing. Where some are stressing. What’s being sold when for how much. And where it’ll all land up, pontificated through pessimisms or optimisms. Served up with a garnish of economic recession or depression.

Despite it all, there aren’t that many; new stories about real estate.

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Except for ‘fragmentation’, a term that’s been used in property circles for about as young as ‘social isolation’ has been part of the general chatter. Four months, all up.

Isolation is synonymous with costing the economy, while fragmentation has brought an entirely new value dynamic to real estate. It’s created independence, which has been lacking from part-ownership arrangements - resulting in a litany of disasters.

Fragmentation is fresh. Because it’s a new how to buy, sell and own property.

Real estate’s been owned and traded the same way for centuries. The best price for the vendor settles it, the conveyancers do it, and the new owner pays handsomely for it all.

The struggle now is real, with the handsomeness of the vendor’s best price growing out of reach for many Australians. The prices are now just too high.

Except that earlier this year, just as the world was locking down, property fragmentation turned purchases of less than $30,000 into part ownerships of a $9,000,000 property development.

FUTUREALTY fragmented and marketed the entire seven luxury seniors living apartments located in the exclusive beachside suburb, Avalon Beach. It used BRICKLET, Australia’s exclusive property fragmentation platform, to create a total of 280 fragments in a $9M development. Selling each for less than $35,000, with every owner registered on
land title, giving each owner complete and independent jurisdiction of their part of the ownership.

“Asking someone to stump up $9 million to fund a development is how it’s been played in the past, making those with money more money. We turned that on its head, making money with those who’ve been cut out of property because they couldn’t afford it,” says Ray Jourdan, from FUTUREALTY.

“There are still pundits who claim that $35,000 buys you nothing in Australian real estate, when we’ve sold every fragment for less than that, with everyone owning part of the $9 million property.”

Following the instantaneous success in Avalon, FUTUREALTY’s now fragmenting a development south of Sydney, in Nowra. That NSW South Coast property development is also valued at close to $9 million, with each fragment of the entire 21 dwelling development - a mixture of three-bedroom townhouses and two-bedroom villas - only costing $27,779.

BRICKLET is handling the fragmentation, given it’s the only one doing property fragmentation on land-title. Ensuring that every part-owner is independently registered on the development’s title at the land registry.

It’s new. Still in its infancy. However, growing fast. With every state and territory land registry working with BRICKLET to certifying fragmentations, and Mirvac and Stockland backing BRICKLET. It’s all become very popular very fast.

Amongst friends, family and investment partners wanting to buy property together; developers keen to seriously reduce their price point for investment, or even holidayers wanting to part-own beach houses for summer and ski chalets for winter, with a bush retreat possible for the long weekends.

Australians are now the only ones in the world who can clean up their part ownerships of real estate. Securing complete independence for each owner in every part of jointly owned properties.

Independence Day for Property Part Ownership
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