Awesome trading platform even for the beginner's to get into the housing market
Review by TonyTarina Goubet3 months ago
Very easy to use . Lots of information making it easy to invest
Review by TilTech3 months ago
Love that the average person can get involved with property with very little cost and risk. Keep up the amazing work guys! I can't wait till you have an app ;)
Review by Merlanus4 months ago
Love it! It’s good fun if you like property and have a few hundred dollars. I wouldn’t put serious money here as the returns aren’t the best. But it’s a awesome platform to learn a bit about property and I love owning my bricks! Great way to save.
Review by Shantamay5 months ago
Easy, seamless transactions.
Fantastic way to enter into the property market and start to get a deposit together.
Review by Candyfloss5 months ago
Very easy to invest, user friendly site. Highly Recommended.
Review by Sugus Maclarty6 months ago
Idea is good, but the implementation is terrible.
Fees are incredibly high.
Smart Invest is not that smart. Dividends from the properties in which it invests are much lower than from other properties.
I asked some very pointed questions on how the system works, the reply from Brickx was simply to copy and paste some useless fluff from the support pages.
Disappointed in myself for not researching this product properly.
Review by Ammani Saurio6 months ago
BrickX idea is genius.The website is very well done and works well. I just hope they will have more properties available.
Review by Lunamaria6 months ago
I was pleased seeing the instant gain on my investment. It was a matter of selecting the right property to buy bricks in.
Review by Gezar7 months ago
I think it is a great idea but I am in it for 5 to 10 years. The property market is now taking a hit and I believe that this is the time to invest. The fees are a little high but if you invest long-term l am sure the gain will match the pain. A term deposit pays just as much but the capital gain l should profit from with my time frame
Review by Piñeiro8 months ago
While the idea is brilliant and a good idea, there are a few issues. The fees for buying and selling are quite high (1.75% buying/selling). I feel like those fees could be liveable but the worst fees are the ones taken from the actual "rent" income. At 25% debt you would expect a property's net rental income to be higher than 1.55%p.a. especially for a interest only loan. And that is ONLY IF the property is rented for the whole time! Is BrickX actually deprieciating the building/appliances properly?
Review by Kazocho8 months ago
hi> Just something ive noticed. I do like the platform however when i look at my % of return overall and on each property it goes by the brick valuation NOT by the lowest brick price. Very deceiving. Lowest brick price is obviousoly what you can sell the brick at. If i bought a brick for $100 and the brick valuation is $107 i most likely cant sell it for $107 as the lowest brick price might be $102 for example. The $2 profit minus fees is the REAL roi not the brick valuation. Something i think you need to fix. Thanks
Review by Sheeagh9 months ago
Exciting and fascinating that's the best way to describe the experience. A guiding hand and so simple to understand no mystery just plain english.
Review by Petrita9 months ago
I believe the platform Brickx makes investing simple for those who do not have access to large sums for down payments on an investment or property. This model of micro investing can possibly allow for a snowballing effect in the long term especially with people trying the smart invest option where someone can simply set and forget a small automatic payment each month, if they do not understand the market or platform. Obviously dividends are low on smaller investments but this can be a good foot in the door for people and it is potentially much more valuable to people than a subscription to Foxtel, Netflix or Spotify. Try subbing out some of your subscriptions for the smart invest option and see what happens.
Review by Helly9 months ago
The Product itself is very nice and easy to use.
However after one year using Brickx the model proves to be flawed. Besides the fact that the fees of 3.5% are high and that the property market in Australia seems to be much less likely now to bring the same level of returns as in the recent years (I'll convene that this is debatable and fundamentally no-one knows how the market will evolve), the buying-selling model itself is flawed. It is structurally not built to follow the evolution of the market value of the Bricks. The bricks prices are defined by the seller-buyer dynamics on the platform and not by the property market valuation.
Concretely this means that a brick you buy at $100 at market value, that 6 months later may be valued at $102 based on the new property valuation, cannot necessarily be sold on the platform at $102 as it is effectively sold at the lowest brick price proposed by other sellers.
After more than 12 months on the platform and investing in 8 properties, 7 of them have now a "lowest brick price" lower than when I bought them, even though the property market has gone up in most cases. You can see a lot of properties where the lowest brick price is way lower than the property valuation. This is because sellers tend to drive the bricks price lower and lower to be able to sell. And the price naturally goes down because you just need one seller to bring the "lowest brick price" one dollar down, when you need a lot of buyers buying all bricks at a particular dollar amount to make the lowest brick price go up one dollar.
I have no hope to sell my bricks with profit until Brickx decides to force the brick price to be exchanged at property market valuation. That's the only solution (assuming the Australian property market effectively goes up) that I see in the long term to make this platform worth investing in, especially as the rental yield alone doesn't give a better investment return than a basic savings account. If this solution is implemented I would definitely consider investing more.
With the current model, when you invest on Brickx, you don't effectively invest in the property market, you invest in a platform that creates an artificial marketplace to trade bricks at a price that is mostly decorrelated from the underlying property valuation.
I'd be very keen to understand why VCs have recently chipped in Brickx with this structural flaw in the model, which is effectively not bringing investment returns to users.
Review by Lashion9 months ago
Great step into the property market with minimal cost.
Review by Azita10 months ago
I am happy at the moment. User interface at the website is nice and very easy to understand!
Review by Jecre10 months ago
I have been investing for over a year now. I have just started referring the service to friends and family. I am happy to say every dealing, including phone calls I have had with the staff have been excellent. I am hoping as they move away from Theta and they get bigger this remains to be the case. My only issue is I can’t Polypay from my ING account.
Review by Alumara BentonJones10 months ago
Great personal customer service
Review by Gramash11 months ago
I have been putting a small amount each fortnight into brick X for about 18 months now. I think some of the comments below are a bit short sighted and misguided. In real life, if someone knew the valuation of their home from day to day, they would have a heart attack. If you want to make more money in the short term (with more risk) this is not the platform for you. If you are looking out 5-10 years it might be another proposition. The comments below are true of what the valuation is and what people are willing to sell for. If you are patient, set your alerts and buy when somebody else is impatient and wants to get out quickly, you can make up your %. This builds your ROE a lot quicker and brings your portfolio more in line with what people are willing to sell and buy for. With that said the only issue I have is the 1.75% fees. I have been reducing the effect though by waiting for people to sell out cheaply. I am interested to see how the voting goes when it is time to sell a property in 5 years time. This is when investors gains will be correctly realised. If this works well I will be most certainly increasing my portfolio size in this method of investment. I will mention here that this is only a small part of my overall investment strategy as it is still new and long term not tested. (BTW I think it is fun to use)
Review by Siegmar11 months ago
I have purchased two bricks from this company in recent months and have received no monthly distributions. The earliest that I will be paid a distribution is November and that will only be from one protmentperty. One property has been awaiting a tenant and this is the one that I hope will be paying a monthly distribution. The other property is damaged and it is not known when I will receive a return on my investment. I am attempting to sell the brick but have not been successful.
Review by Annemiek11 months ago
A very good concept and an option for young investors to enter the property market at an early age. This is one of the ways to diversify your investment portfolio over a long term horizon. A great start, however, Brickx team has a long way to go, especially to lower the fees, which is very high and also to come up with an app having easy accessibility and multi level security. Would be good if they can offer integrated security options like 2 factor authorization in their app. Keep up the good work and all the best.
Review by Pafuti11 months ago
A hassle free tool that I like based on incremental investing and for dollar cost averaging.
Team support is first rate. 🧱 Go Brickx.
Review by Angus1 year ago
Clear and simple way to invest long term in property.
Review by Murugan1 year ago
Really easy to get into. They have answered my emailed questions within 1 business day.