BRICKLET ENTERS PROPERTY INVESTOR PARTNERSHIP

15th JUNE 2021 –  the world’s only marketplace for buying, owning and selling Torrens Title property fragments, has engaged DDP Property as its newest investment property partner. The partnership between DDP Property and Bricklet now extends the benefits of property fragments to over 30,000 property investors.

DDP Property is one of Australia’s leading, end-to-end property investment services specialising in buyers advocacy to the investor. It takes care of all the diverse aspects and processes involved in securing an investment portfolio. The company prides itself in being able to realise the best deal most suited to its customers.

DDP Property’s portfolio of realised property ownership for its clients totals $500 million.

“Zaki immediately got it,” says Darren Younger, Bricklet CEO. Referring to DDP Property’s founder, Zaki Ameer.

“DDP Property does for its clients what Zaki did for himself. Buying as much property as possible to generate maximum wealth, without over leveraging. BRICKLET adds extra little bits of property to any portfolio.”

DDP Property’s range of services include property advice, investment strategy planning, mortgage financing, first home owner guidance, new builds, renovations, rental yield management, SMSF property and property management. Now, as a result of the partnership, the DDP suite of services now includes the addition of property fragments for bolstering investment portfolios.

“Of course, rising house prices are the key driver in this business. It’s the primary reason why people invest in property. But also, the chief reason why people don’t invest more – because it’s beyond affordable,” says Ameer.

“BRICKLET resolves this for many of my clients’ many different scenarios.”

The majority of DDP Property’s clients focus their property investments on total returns from growth and yield. Buying additional properties could over leverage some customers due to the high price of property. The partnership with BRICKLET enables DDP Property to supplement investors’ portfolios with all the additional property fragments they can afford.

“My clients are loving it. Instead of getting stuck on the affordability of an entire property in one location, they’re growing and truly diversifying their portfolios in fragments. As many as they can afford,” confirms Ameer.

One client has entered the property market by buying multiple fragments. Previously, their savings afforded the minimum deposit, but borrowing for a whole property would have extended their borrowings to more than 90%, incurring additional charges such as mortgage insurance - restricting her cash flow and lifestyle.

“I’m not willing to go into debt for the rest of my life, but I’m capitalising from property by dipping my toe in,” says one of DDP Property’s youngest clients, aged 28.

Ameer himself has expanded his portfolio with the addition of bricklets.

“It was the start of a perfect partnership. Buying bricklets is a win-win-win-win for me. It affords me more property, without timing the market to continue building my portfolio with whole properties. If I wait for time in the market to do it’s thing, I have lost that growth period, and the opportunity cost is too much not to continue buying in portions. It has also bridged the gap for new clients struggling with affordability, I’m better able to service clients wanting property in their SMSF, along with existing clients gradually increasing their size of their portfolio without the cost of leverage. And the time’s perfect, given how prices are tracking,” say Ameer.

BRICKLET enables people to buy fragments of property.Affordability of these purchases is therefore only a fraction of the total value of the property. Unable to afford the mortgage for a desired investment property, people are able to afford only fragments of properties. Each fragment is listed on the property’s land-title, thereby including all the benefits of owning property.

The partnership between DDP Property and BRICKLET is already working with over 40 new members in the first month.

ENDS

BRICKLET (bricklet.com.au) is the only means for buying, owning and selling property fragments. It currently is processing

$52 million worth of property fragments in Australia, with $15 million of fragments owned by Australian investors. BRICKLET is a business built by Lakeba, founded September 2019.

Lakeba (lakeba.com) is a privately held business builder. Its portfolio consists of 15 businesses, with 12 in production and three exited. Lakeba conceives their opportunities, create their operational models, and commercialise them into mature revenue and profit-generating companies.

Founded in 2013 and awarded Microsoft Gold Partnership status in 2018, The Financial Times recognised Lakeba as an Asia Pacific High GrowthCompany in 2020 and in 2021.

Lakeba builds from its headquarters in Sydney, Australia and its offices in India, Italy, the UK and the US. With a team of 160 specialists in capital funding, coding, financial management, marketing, operations, public relations, risk management and, of course, technology.