The apartment, on Ramsgate Avenue, epitomises the Bondi Beach lifestyle famous around the world.
BRICKX CEO Anthony Millet said the revolutionary Fintech is pleased to have secured a property of this nature.
“Coming into summer, we expect the rental demand for this property to be strong, and in the current Sydney housing market, there have been few opportunities for investors to be able to get investment exposure to such an iconic suburb,” Mr Millet said.
“Bondi is synonymous with the Australian way of life and we couldn’t be happier to open this investment opportunity to all Australians.
“BRICKX continues to break down the traditional barriers that exist when it comes to investing in residential real estate by offering fractions of a property, known as “Bricks”, rather than purchasing entire houses or apartments.
“In this case, investors can access the Bondi property market for just $96.”
With properties already in Enmore, Mosman, Annandale, Double Bay and Prahran, BRICKX aims to make property investment more affordable, less time-consuming and more accessible through an easy to use website with transparent property and financial information.
Mr Millet believes the newly acquired two bedroom Bondi Beach apartment will be very popular with investors.
“Bondi Beach has had strong capital growth over the last five years (CoreLogic) and like the rest of our properties, has been selected on a results-driven mandate,” Mr Millet added.
“BRICKX may suit anyone who feels frustrated at being locked out of the housing market including younger people saving for their first home or investors keen to expand their existing portfolio in a more affordable, accessible and diversified way.”
BRICKX provides all Australians access to residential property investment by dividing individual properties into 10,000 Bricks, effectively units (in a Trust). Investment is easy, with BRICKX empowering investors with greater visibility and choice than might otherwise be available to them.
The Platform offers investors the opportunity to earn capital returns and monthly net rental income in proportion to the number of Bricks owned.
The BRICKX Platform, which operates as a retail managed investment scheme, publicly launched in September 2016 and gives all Australians and residents the opportunity to participate.
The BRICKX Advisor Panel consists of Tim Lawless (Head of Research at RP Data CoreLogic), Nerida Conisbee (Chief Economist at realestate.com) and Peter Chittenden (Head of Residential at Colliers).