Bricklet Proptech Marketplace Achieves Latest Milestone

Australian proptech company Bricklet, today announced the latest milestone in its ambitions to become the world’s favourite open fragmented property marketplace, hitting an incredible $20,000,000 in combined sales to date. The impressive achievement equates to 732 individual bricklets sold, totalling 19 full properties.

Bricklets are shares of real land titles, offering investors the opportunity to create diversified personalised property portfolios without the traditional huge initial outlay. The platform brings together developers, consultants, legal specialists, property managers and advisors in one easy to access destination.

Since launching in 2019 the Bricklet platform has offered unrivalled opportunities for property owners and developers across all property classes to diversify revenue streams by taking advantage of the growing demand in property fragments.

The $20 million dollar milestone follows recently announced partnerships with neo lenders Wisr and Moneyplace, offering even more Australian investors the opportunity to take advantage of one of the globe’s most competitive and lucrative property markets.

Bricklet CEO Darren Younger celebrated the success of the platform, heralding the platform as the global future of property transactions.

“Hitting this milestone shows that fragmented property is no longer a niche investment opportunity, having been wholly embraced by the Australian developer and investor community.

“Having created the platform as an innovative resource for investors and developers from all walks of life to be part of a booming Australian and global property market.

“The Bricklet platform is now a world standard e-marketplace that brings together developers, investors and resources together in a simple and easily accessible way.

“2022 is already shaping up to be our strongest year yet, as the platform continues to evolve bringing together the most ambitious and innovative players in fragmented property as we look forward to our next exciting milestone, “he said.

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Bricklet(bricklet.com.au) is the digital platform for fractionalising land titles under Torrens Title property ownership. It enables ownership of a property to be fractionalised into multiple Bricklets, enabling numerous separate ownerships of a single property. Each bricklet, registered with the local Land Titles Office, is tradable in the way traditional properties are bought and sold. Bricklet transactions involve fractions of properties, represented by the number of Bricklets traded. This enables more liquidity in the property market, with sales and purchases of property no longer limited to entire properties.

Bricklet optimises the proven Torrens Title system, an Australian innovation from 1858 - used in England and Wales, Ireland, Malaysia, Singapore, Iran, Canada and Madagascar, amongst others, for the digital economy. Ownership of Bricklets can be a matter of one, or all the Bricklets that make up a property.