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Question - Do I own part of the property that I choose to Invest in? 

Answer - Yes. When you buy a share in a property, you will own whatever percentage of the property you have agreed to buy. For example, if there is a property on the property stock market which is divided into ten Brix and you buy one brix, you will be a 10% owner of the property as you will own 10% of the issued Brix. Each property on the property stock market clearly shows not only how many Brix have been issued, but also what percentage of the total property they represent. For example a property divided into 200 Brix, will show that 200 Brix have been issued and that each Brix represents a 0.5% ownership of the property

Question  - How can I be sure that I own my part of the property? 

Answer - Your name will appear on the deeds to the property, clearly showing how much of the property you own.

Question  - If the property is rented, do I receive my share of the rent?  

Answer - Yes, you will receive your proportion of the rent, this means that if you own 3% of a building which is rented out, you will receive 3% of the net rental income. Rental income is distributed to the owners of a property quarterly in arrears. Rental income earned by you will be credited to your client account. You can request payment from your client account at any time. For security reasons, money will only be sent to you, at the address which you have registered with ourselves or direct to your bank account.

Question  - Can I sell my Brix whenever I want? 

Answer - Yes, you can sell your Brix at any time. All you need to do is notify us of your intention to sell your Brix, complete a simple sell contract on line and your brix will be put up for sale. The sale price will be set at the market price as shown on screen, (though you do have the choice to ask for more or less than this price). When a sale is finalised, we will credit your client account with the net sale proceeds.

Question  - How do I know that I will get the Brix I have paid for? 

Answer -  All money sent to purchase Brix, is not sent to Ownbrix but is sent to and held in a lawyers escrow account. Who look after it on your behalf until the your name is entered on the deeds of the property. In addition, monies on your internal account are also held on your behalf in an escrow account.

Question  - How are the Brix prices valued? 

Answer -  The Brix are valued in direct proportion to the value of the property. For example, if a property is purchased for $10,000 and there are 10 Brix, each Brix is valued at $1,000. As the property increases in value so do the Brix. The value of a property changes continually over a year, these changes are reflected in the Brix price. Each property has a full valuation carried out every three years. During the period between valuations, our team of property valuers watch the market, and based on published government figures and re-sales of similar properties in the area  re-value the property together with the Brix price based on the previous three month results.

Question  - What does OwnBrix charge for this service? 

Answer -  All our fees are clearly shown in the "fees" section. Put simply, we charge a 2.5% fee on each Brix bought or sold. In addition, there is a 1% fee of the value of the property charged annually to allow us to manage the property on your behalf.