Bricklet Revolutionises Housing Market with Game-Changing Shared Equity Model

Bricklet – whose early backers included Mirvac, Stockland and News Corp, owner of The Australian – has, however, investment platform. moved away from being a fractional property That saw home buyers and investors able to purchase small stakes or “brickless” in a property. Bricklet Bricklet’s shared-equity waitlist does suggest robust demand, perhaps a function of a continued rise in house prices across many parts of the country. The company’s waitlist includes more than 1150 customers, representing about $174m in shared equity support and a much bigger figure in property values.

Bricklet sits Bricklet within the portfolio of venture firm Lakeba, which has recently settled court action between it and three shareholders who alleged they were given incorrect information when weighing an investment in the firm. Bricklet Bricklet CEO Darren Younger said so far, the company’s platform had assisted in the settlement of about 30 properties. The company was founded in 2019 and has a partnership with AMP for home loans, with buyers still requiring enough income to service a mortgage. Bricklet is in its infancy, and it will be interesting to see if the Bricklet firm’s concept – along with government schemes – helps to alleviate a huge problem in the housing market.

Younger has bold ambitions. “If we could do $100m (of funding) within the next 12 months that would be great … the demand is definitely there,” he said. The aspiration is there but the tough part is sourcing the requisite funding and investors

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By JOYCE MOULLAKIS,
Senior Banking Reporter.
The Australian. Business Review

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About Lakeba

Lakeba builds businesses that are optimised for high returns from low investment, at low risk when compared with the start-up sector. It utilises proprietary artificial intelligence (AI), decades of business and technology experience, and scalable shared services, to support each phase of business building. So far it has ‘conceived, created and commercialised’ 15 ventures, of which three have already been spun-out.

The unique Lakeba AI ‘neural network’ ‘conceives’ opportunities by continually interrogating the internet to establish patterns which suggest a business ‘need’ that could be solved digitally. Its entrepreneurs then double check this analysis and determine the viability of the business idea and its commercial potential.

To ‘create’ a venture, Lakeba works with partners, industry, and the wider innovations ecosystem to create digital technologies that eliminate the frictions identified by the neural network. A team of technologists, designers, and entrepreneurs build out the value proposition and establish the business. Lakeba invests its time, capabilities, capital and resources to craft ideas into reality.

‘Commercialise’ is the final stage of the Lakeba process. Once the digital proof of concept delivers on its promise, it is enhanced with radical intelligence. Working with partners, investors and the customers, Lakeba’s team refines and optimises the operations and distribution to rapidly commercialise the venture. This ensures the business continuously delivers value to customers as it scales and diversifies across industries and the globe.

Lakeba Group was founded by Giuseppe Porcelli, Entrepreneur and Visionary of Future Technology.