Wannabe farmers, outdoors types, rookie shepherds, glampers, hobbyists, gardners with big dreams or city slickers just keen to escape from the rat race can now own their own farm for as little as $5,000.
Fractional investing platform Bricklet is offering Sydneysiders the chance to invest in the a rural property that could be run as lifestyle options or commercial operations, a commute, of sorts to the capital.
A rural offering from Bricklet with easy access to Sydney is set to be released shortly near Berry in the Southern Highlands, about two hours drive south of the Harbour City.
Bricklet CEO Darren Younger said the company’s move into regional offerings like this, on the back of their metropolitan properties was a case of meeting the desires of investors.
“More and more Australians are becoming interested in being involved in something like this in the regional areas,” he said.
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“And that demand is coming from both sides of the fence, investors or interested parties from the city who want to get stuck in and enjoy it and also farmers who are keen on selling parts of their land.
“We have already sold close to $50m worth of farmland and the demand for it continues to grow.”
The 150ha property currently has a farmhouse on it and around 180 cattle – the makings of an income stream but the potential for a lot more.
“Potentially there could be farming utilisation, agri tourism, a vegie orchard, some accommodation such as glamping it is so picturesque,” Mr Younger said.
“There is a lot that could be done there.”
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Fractional investing offers investors the chance to own a part, fraction or Bricklet of a property, depending on how much they put in. For example if the a property costs $1m and there are 10 investors, each Bricklet is worth one tenth of the title at $100,000.
Sydneysiders can buy into the Berry property starting from $5,000.
“Traditionally, owning a farm has been out of reach for many people due to high entry costs and the complexities of agricultural management,” Mr Younger said.
“However, LAWD Bricklet is revolutionising the real estate industry by introducing a fractional ownership model, allowing investors to purchase a “bricklet” – a portion of a farm – for as little as $5,000.
“Through this innovative approach, Sydney siders can now participate in theagricultural sector and enjoy the benefits of farm ownership.”
According to PropTrack, the median house price in Berry is $2m, up 2.4 per cent over the past 12 months.
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