Crowdfunding arrives down under with CrowdfundUp

Crowdfunding arrives down under with CrowdfundUp

Property crowdfunding is starting to take hold of the real estate market on a global scale. Its reach has now expanded to the shores of Australia with the introduction of CrowdfundUp. Considering the country was exceptionally fast in its uptake of equity crowdfunding – thanks to the Australian Small Scale Offerings Board (ASSOB) – it is relatively late in its foray into property crowdfunding.

However, CrowdFundUp founder and managing director, Jack Quigley, has purposely spent the past two years reviewing real estate crowdfunding platforms from around the world in order to put together a website that offers the best possible crowdfunding options.
Perth-based developer Megara has become the first developer to participate in CrowdfundUp’s ‘Developer Partner Program’, with a minimum investment of as little as $100 on this specific deal. However, the lowest possible investment on future developments will be dependent upon each specific project. “Partnering with CrowdfundUP provides Megara with a strategic opportunity to target a new realm of investors. As an established, yet dynamic Australian developer, it made sense to leverage technology and we anticipate some great results“, said an optimistic Chad Scott, Megara director.
The CrowdfundUp team have created their crowdfunding platform from scratch in order to match people looking to invest in property with ideal real estate opportunities. Quigley has also been a frequent advocate on behalf of crowdfunding over the two years it has taken him to build his company.
Property crowdfunding is proving to be the most active segment of investment crowdfunding in the USA and now CrowdfundUp intends to match that success in Australia, with the ultimate goal of establishing their platform as the market leader. In order to do this, CrowdfundUp is also welcoming institutional money, something that Quigley has seen many US platforms accept and consequently reap the rewards from. Integrity of the platform is something CrowdfundUp is determined to maintain.
Quigley commented, “We are here to make the investment process as transparent and accessible as possible for investors of all levels by reducing the time and capital needed to undertake the process.”
Due to the Royal Bank of Australia’s (RBA) decision to leave interest rates at a record low of 2.25 percent, property prices within the country have increased significantly. This has led people to believe that Australia’s housing market is currently stuck in a bubble. Many people have been unable to make a real estate investment as a direct result of this and CrowdfundUp could potentially provide the assistance they need to step onto the property ladder.

By Michael Catchpole
Michael is a freelance writer with years of experience writing about financial products. During his time reporting for Invezz, Michael focused on the real estate and stock markets.
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