Fintech allows investors to diversify their SMSF investment

“Using BRICKX, investors, including SMSFs, can take a geographically diversified approach, spreading their risk across different properties. You can control your investment by choosing which property (or properties) to invest in and when to sell,” said Mr Millet.

The platform works by purchasing a property and turning that property into 10,000 ‘bricks’, portions of a property which are then sold to investors. Investors then gain a portion of the rental income of the property and any capital gains when they sell their ‘brick’.

“BRICKX is not only proving popular amongst those who feel frustrated at being locked out of the housing market, but investors who are keen to expand their existing property portfolio in a more affordable, accessible way,” said Mr Millet.

The company also offers Australians the chance to invest using their self-managed superannuation funds, allowing investors to diversify their SMSF investments into property.

The company currently has property in Bondi Beach, Enmore, Mosman, Annandale and Double Bay in Sydney, as well as Pahran and Port Melbourne in Melbourne.

“We’re providing SMSF investors access to aspirational suburbs that they otherwise may not be able to afford using their self-­managed super,” Mr Millet said.

The BRICKX Adviser Panel consists of Tim Lawless (head of research at CoreLogic) and Nerida Conisbee (chief economist at realestate.com).