Another fractional property investment platform emerges in Australian market

PHOTO: Wenee Yap is looking at a fractional investment property. Photo: Steven Woodburn.

Skyrocketing house prices, stagnant wage growth and disillusioned young adults unable to compete with experienced investors have created the perfect breeding ground for platforms offering first-home buyers a way onto the property ladder.

In 2016 two start-ups that allow investors to buy a share of a home with as little as $100 emerged in the Australian market. Last week a third company, CoVESTA, announced its arrival on the scene.