How Brix Discounting Works
Understanding Brix Discounting is Important for Owners Brix discounting by Property Owners is an important aspect of...
MyBrix utilises Non-Bank, Peer to Peer funding to deliver compelling benefits to both Property Owners & Property Investors.
Brix are a unique Derivative that fractionalises equity, not ownership in the underlying property in respect to future capital growth and rental proceeds.
Imagine a mortgage that has no interest, no repayments and no bank, with no serviceability or credit checks, whilst you still retain ownership.
Imagine investing in the best house in the best street at up to 15% below the market value with no acquisition or holding costs
The market is changing and new ways are challenging the traditional ways. If you are not adapting and changing with the market you might be left behind.
MyBrix is different to traditional property finance, allowing Property Owners to save significant amounts on interest and repayments each month, helping to improve their lifestyle and reduce cost of living pressures. As an example, a property valued at $1,000,000 with a bank loan of $500,000 @ 6.5% interest, means a monthly repayment of $3,160. Under MyBrix this is no longer required, and the owner can redeploy these funds however they want. Over 10 years this is a saving of $380,000 in repayments and $185,000 in interest (after all MyBrix fees and charges are deducted).
Investors did you know that MyBrix can help you turn a negatively geared property (ie one that costs you money each month) into a positively geared property, so you can hold instead of selling? Fund up to 70% of your investment property and pay no interest and make no repayments.
Investors in MyBrix can start with as little as $1,000, but if you are saving for a specific goal, you will want to put in more on a monthly basis, lets assume you were to invest $5,000 every month in Silver Brix (rental receipts each month) instead of a Savings account with a nominal interest rate of 4%.
Achieve the growth of underlying properties as well as rental yields with no acquisition or holding costs as well as amplify your investments by up to 10% through Silver Brix discounts.
Read through our blogs and learn more about MyBrix
Understanding Brix Discounting is Important for Owners Brix discounting by Property Owners is an important aspect of...
How Do I Get Funding Under MyBrix? For property owners there are four stages to the Funding...
What is an IAR and Why is it Important? Every property listed on MyBrix uses our unique...
MyBrix is an innovative solution for property finance that breaks free from outdated traditions, therefore those new to MyBrix typically have questions. In this Blog we provide answers to the Frequently Asked Questions (FAQ) for MyBrix Property Owners.
A property is divided into 10,000 Brix, and each Brix represents a piece of the future sale proceeds and rental proceeds of the property. If your home has a market valuation of $1,000,000, then each Brix would be worth $100. Over time as the market value of the property increases so does the market value of Brix.
The Maximum term you can have a MyBrix facility is 10 years from settlement.
Yes, once your property is fully funded there is no interest charged and no repayments required, regardless of the amount funded, as long as you are over the minimum equity limits of 35% for Owner Occupied Properties and 30% for Rental Properties. We do, however, encourage you to re-acquire Brix from Investors to create more Brix equity in your property throughout the term of your MyBrix facility.
The Maximum you can fund is 65% for Owner Occupied Properties and 70% for Rental Properties using Standard or Silver Brix. In addition, you can fund up to 90% by filling the gap with Gold Brix. Gold Brix are subject to different terms and conditions and have mandatory monthly buybacks over 5 years.Â
Yes, MyBrix will pay out your existing bank mortgage with your bank as part of the conveyancing process once your property has been fully funded.
MyBrix does not provide any financial or other advice, you must obtain your own independent financial, legal and tax advice regarding the appropriateness of using any MyBrix Services, having regard to your personal objectives, financial situation and needs.
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