{"id":29148,"date":"2020-11-17T12:57:28","date_gmt":"2020-11-16T23:57:28","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29148"},"modified":"2020-11-18T17:44:34","modified_gmt":"2020-11-18T04:44:34","slug":"the-afterpay-of-real-estate-is-here","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-afterpay-of-real-estate-is-here\/","title":{"rendered":"The Afterpay of real estate is here"},"content":{"rendered":"

PHOTO: Rachel Muscat-rahme from Sydney has her eye on the bnpl offering via Bricklet. Picture: Sam Ruttyn Source: News Corp Australia<\/em><\/span><\/strong><\/p>\n

Buy Now Pay Later is coming to real estate, giving investors an alternative avenue to realising their dreams of property ownership.<\/p>\n

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As housing affordability continues to be a pressing issue, especially for younger generations, and the national housing market rebounds solidly from COVID-19, the Afterpay of real estate has come knocking.<\/p>\n

Dynamic micro-investing platform Bricklet<\/a> is providing buyers the opportunity to become an independent part owner of their chosen residential or commercial dwelling via BNPL as of this weekend.<\/p>\n

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Buy now pay later has come to real estate. Picture: Supplied Source: Supplied<\/span><\/strong><\/em><\/p>\n<\/div>\n

\u201cBricklet<\/a> came about from the idea of making property investment accessible to all Australians and buy now pay later is about extending that reach,\u201d Bricklet CEO Darren Younger said.<\/p>\n

\u201cSaving up your deposit for your first home is a big challenge and Bricklet has always been about providing an alternative to that. But we also understand saving up a lump sum to invest via Bricklet can also be an ask.<\/p>\n

\u201cThat\u2019s why we have opened up the buy now pay later option. The amount required to get your foot in the door is within the reach of many potential investors.\u201d<\/p>\n

However, Bricklet\u2019s investment proposal differs from most BNPL platforms in that there are no penalties for late payments. There are no extra fees or interest due on late payments.<\/p>\n

\u201cIf you\u2019re late over a few payments our admin will work with the bricklet owner to help them get through that period,\u201d Mr Younger said.<\/p>\n<\/div>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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