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

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

3 hours ago

Interesting. Would be good to know the details of the StrategyOne deal....

4 days 8 hours ago

It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...

3 weeks 2 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

2 weeks 4 days ago

A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments ...

3 days 6 hours ago

Pinnacle Investment Management has announced it will acquire strategic interests in two international fund managers for $142 million....

2 days 9 hours ago