Crowdfunding underway for real estate project

crowdfunding/property/

12 August 2019
| By Chris Dastoor |
image
image
expand image

Avestix Equity has set up a ‘crowdfunding’ project for ordinary investors to enter into a share in the property investment market for as little as $500.

Avestix would be investing in up to 15 residential townhouses, to be built at Dakabin Crossing, in the northern growth corridor in the Moreton Bay region.

As opposed to traditional crowdfunding projects, this would still operate like an investment with returns through rental income and any increases in capital value.

Susan Lindeque, Avestix Equity Pty Ltd chief executive, said the project allowed for investments as little as $500 and up to $10,000.

“Stepping onto the property ladder is becoming increasingly difficult for so many Australians, it’s no longer the great Aussie dream, but more of a distressing nightmare,” Lindeque said.

Debra Barber, Avestix Equity Pty Ltd marketing director, said it was a good time to invest in Dakabin Crossing with major infrastructure projects underway in the next few years.

“Two billion dollars’ worth of infrastructure projects are planned for the coming years including the Bruce Hwy upgrade and the University of Southern Queensland Moreton Bay campus set to open next year.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS