Crowdfunding underway for real estate project
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.”
AUTHOR
Chris Dastoor
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