Buy property with a little help from your friends (and family)
For first-time homebuyers, the dream of owning a property can often seem out of reach due to soaring property prices and stringent lending criteria. However, MyBrix is here to change that.
As a leading innovator in the Australian real estate market, MyBrix introduces an innovative concept called Social Funding, which allows individuals to buy property with the help of their family and friends.
The traditional model of saving a large deposit and securing a home loan has become increasingly challenging for many Australians. MyBrix understands the frustrations faced by aspiring homeowners and has developed a transparent, accessible platform that revolutionises the way people think about property investment.
With Social Funding, individuals can tap into their wider social network, including family and friends, to collectively fund 100% of their property purchase. This innovative approach eliminates the need for a traditional bank loan and allows investors to potentially save hundreds of thousands of dollars on interest payments and years off the term of a traditional mortgage.
“We believe that everyone should have the opportunity to own a home, regardless of their financial situation,” said Brian Stevens, Founder and CEO of MyBrix. “Through Social Funding, we empower individuals to take control of their property ownership journey and build wealth within their social circle, rather than feeding the profits of traditional banks.”
Not only does Social Funding offer an alternative path to property ownership, but it also presents numerous advantages over traditional financing. By utilising the “Bank of Family and Friends”, individuals can buy property without saving a huge deposit, bypass the bank, and avoid serviceability or credit checks. Additionally, the innovative buyback process allows homeowners to pay off their property sooner and potentially save hundreds of thousands of dollars on interest.
“Our goal at MyBrix is to empower individuals to achieve their property ownership dreams,” added Brian Stevens. “With Social Funding, we are revolutionising the Australian real estate market enabling first home buyers get into the market with a little help from their friends and family.”
Through a transparent and accessible platform, MyBrix empowers individuals to invest in property and build wealth with the support of family and friends. By bypassing traditional financing options, MyBrix offers a new way of thinking about property investment and providing a brighter future for aspiring homeowners.
The MyBrix vision is to enable anyone to be a Homeowner or Property Investor, whether they are buying their first home or if they are a multi-property Investor. They are revolutionising the way Australian’s own and invest in property by creating a new property funding paradigm.
