Crowdfunding is making its way into Australia's
property sector, opening up the market to younger investors and those
with less cash to invest.
property sector, opening up the market to younger investors and those
with less cash to invest.
new direction for what has been dubbed the "sharing economy", where the
power of many small investors come together to fund big developments.
Uber has used the same concept to shake up the taxi industry, while Airbnb has exploited it to overhaul the hotel sector.
Now, Singaporean-based crowdfunding platform CoAssets is eyeing Australian real estate as the next big thing.
Some of the people who are looking to crowd-fund for their homes, this could be a way for them to do it.CoAssets chief executive Getty Goh
CoAssets chief executive Getty Goh said he had been
meeting with companies in Perth to increase the company's presence in
Australia, to give smaller and younger investors a chance to buy into
real estate.
Crowdfunding coming to Australian real estate market - ABC News (Australian Broadcasting Corporation)
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