What is the Initial Brick Price?
When a property is new to the BrickX Platform and is waiting for settlement, we offer Bricks at the initial Brick price - based on the property’s purchase price and acquisition costs minus any debt.
For Example: If a property costs $1,000,000 and had $40,000 in acquisition costs (taxes etc), then the Initial Brick price would equal ($1,000,000 + $40,000) / 10,000 Bricks = $104
If you wish to participate in this, you need to pre-order Bricks prior to the Platform settlement date. This period is referred to as the pre-order phase. Once the property settles, you can then sell your Bricks if you choose to.
Refer to the Product Disclosure Statement for more information.
Did you find it helpful? Yes No
Send feedbackSorry we couldn't be helpful. Help us improve this article with your feedback.