What are the property acquisition costs and the cash reserve?

Property acquisition costs involved in purchasing a property include items such as stamp duty, legal fees, buyer’s agent fees and establishment fees for the BrickX Trust that holds the property.

These costs are included in calculating the initial Brick price.

The cash reserve is a buffer that is primarily used to cover any expenses not covered by the income generated from the property for approximately 3 months. This could include a short-term vacancy in the property due to maintenance/renovations being carried out.

Refer to the Product Disclosure Statement for more information.

Did you find it helpful? Yes No

Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.
Get in touch
We're here to help. If you have a specific question, you can contact us via Live Chat or phone Monday-Friday from 8.30am-6.00pm (Sydney time).
To speak with us at a specific time, you can schedule a call with our Head of Customer Service.