MyBrix Blogs

Read through our blogs and learn more about MyBrix

How Brix Discounting Works

Understanding Brix Discounting is Important for Owners Brix discounting by Property Owners is an important aspect of attracting initial Investors...

Listing and Funding Process

How Do I Get Funding Under MyBrix? For property owners there are four stages to the Funding Process including: Assessment...

Why is IAR Important?

What is an IAR and Why is it Important? Every property listed on MyBrix uses our unique Investment Attractiveness Rating...

Should I Invest In Standard Brix?

Why Should I Invest In Standard Brix? When it comes to investing your hard-earned money, the choices can be overwhelming....

Property Investor FAQ

Property Investor FAQ MyBrix is an innovative way to invest in property that breaks away from outdated traditions, therefore those...

Property Owner FAQ

Read through our blogs and learn more about MyBrix Home Property Owner FAQ MyBrix is an innovative solution for property...

Our Frequently Asked Questions

MyBrix is an innovative solution for property finance that breaks free from outdated traditions, therefore those new to MyBrix typically have questions.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.

What is a Brix?

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.

What is the maximum term of a MyBrix Facility?

The Maximum term you can have a MyBrix facility is 10 years from settlement.

Are there really No Interest and No Repayments?

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.

What is the maximum amount I can Fund?

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.

Refer to our calculators for more information.

Do I have to pay off my existing Mortgage?

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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