My guest in this episode is Darren Younger from Bricklet. Now Bricklet is a proptech startup in the fragmented ownership space. Using Bricklet, you're able to invest in fragments of property, but you still have your name on the title. So it's a property investment play targeted at millennials and that generation of Australians who are now struggling with housing affordability. According to it currently takes 8.6 years for a typical household to save for a 20% deposit on a home. What's interesting about Bricklet is the role that real estate agents can play in this new fragmented transaction.
(01:43): The Bricklet elevator pitch
(02:14): How Bricklet supports both housing affordability and property investment diversification.
(03:49): Fractional versus fragmented ownership – what’s the difference?(04:32): How Bricklet manages multiple owners
(06:27): Some more detail on how Bricklet works and how to actually buy a Bricklet.
(08:30): Darren’s background and the story of Bricklet
(10:31): How Bricklet helps property developers
(12:27): How the selling price is decided in Bricklet and how expenses are managed.
(13:57): Why owners of existing homes might choose to sell in Bricklets
(16:20): How Bricklet works with real estate agents.
(18:40): The competitive space of fractional and fragmented ownership – and how Bricklet is different.
(19:35): The future of fragmented ownership.
(20:47): Bricklet’s current performance.
(22:10): Darren looks into his crystal ball to predict the future of proptech.
Content marketing strategist, researcher, journalist and presenter specialising in the real estate industry. I'm passionate about proptech, digital disruption and all things property, big data, leadership and entrepreneurial ideas, have an MBA and specialise in social and digital media content creation and automation.