- The company has sold a total of 732 individual brickets
- Bricklet is an Australian proptech company tapping into the fragmented property market
- Bricklet CEO believes fragmented property is no longer a niche investment
Australian proptech company Bricklet, which offer buyers the opportunity to purchase a portion or ‘Bricklet’ of a property, has today announced that it has hit the $20 million milestone in combined properties to date.
The record achievement for the company equates to 732 individual Bricklets sold, adding up to 19 full properties.
Buyers of Bricklets become share owners of real land titles.
The fragmented property market makes property ownership more accessible to investors wishing to diversify their personal property portfolios avoiding the traditional substantial initial cost.
A prospect that has become increasingly appealing as house prices continue to rise, jumping 22.1% just last year. There are a few platforms in Australia allowing you to invest in parts of a property.
Bricklet themselves completed a Series A investment round just over a year ago.
Bricklet CEO Darren Younger believes the company is the global future of property transactions.
“Hitting this milestone shows that fragmented property is no longer a niche investment opportunity, having been wholly embraced by the Australian developer and investor
community.Darren Younger, Bricklet CEO
“Having created the platform as an innovative resource for investors and developers from all walks of life to be part of a booming Australian and global property market,” he said.
The company’s latest milestone follows recently announced partnerships with neo lenders Wisr and Moneyplace.
“The Bricklet platform is now a world standard e-marketplace that brings together developers, investors and resources together in a simple and easily accessible way,” Mr Younger said.
“2022 is already shaping up to be our strongest year yet, as the platform continues to evolve bringing together the most ambitious and innovative players in fragmented property as we look forward to our next exciting milestone.“
