Investing in real estate is nothing new, but the average Australian now has the chance to invest in a new business venture that will help home owners buy and sell property.
Next Address is an online platform that will allow buyers to connect directly with sellers and is now listed on Birchal, an equity crowdfunding platform.
Birchal is an Australian platform that allows everyday Australians to buy shares directly in private and unlisted companies.
Founder and CEO of Next Address Julie O’Donohue said that the partnership with Birchal would allow Next Address to expand rapidly.
“This is an exciting time as crowdfunding provides all Australians, who traditionally haven’t had easy access to the investment opportunity, exposure to innovative creative start-ups such as Next Address,” Ms O’Donohue said.
Next Address will also take the 6 per cent of the net profits they receive to various charities, which will be rotated bi-annually and selected by users on the site.
Next Address bills itself as “a matchmaker for the real estate industry” and Ms O’Donohue said that its primary asset is using the internet to their clients’ advantage.
“Next Address is essentially online dating for the property world that directly matches buyers to properties on the site through a smart algorithm and maximising the power of social media and the internet’s sharing economy opportunities,” the CEO added.
The platform was founded to allow a more transparent and affordable way of buying and selling property by giving the control back to customers.
“Australia’s inflated property market is overwhelming, and so is the traditional process of buying and selling a home, with many people feeling frustrated with high costs, inaccurate property valuations and a lack of communication,” the CEO said.
The co-founder and CEO of Birchal, Alan Crabbe, said that Next Address is a disrupter in the market and that is exactly the kind of company that Birchal wants to attract.
“Next Address is disrupting an industry that’s controlled by a few big players. I believe Birchal and equity crowdfunding can help newer marketplaces like Next Address mobilise communities and accelerate the growth of their start-up and company,” Mr Crabbe said.