How Australians are investing in property – without buying a house

Soaring house prices and high interest rates are driving would-be property owners and larger investors to “fractional” investment, where they buy smaller shares in properties rather than buying them outright.

Joe Galvez, chief executive of BrickX, a platform that allows investors to buy one or more of 10,000 “bricks” in a property, says the company has a “heavy concentration [of users] under the age of 30″ amid the rising cost of home deposits and mortgage repayments.

To read continue: https://www.smh.com.au/money/investing/how-australians-are-investing-in-property-without-buying-a-house-20240802-p5jyxi.html