Peak of Australian Housing Bubble?

Or a new idea to export to China?

Mish: BrickX – Fractional Home Ownership – Brick by Brick – Literally
Can’t afford a home? BrickX will let you buy a single “brick” of a designated house for a mere $100 or so. You pay $1.75% buying bricks and another $1.75% when selling bricks.

...The Rent per week on this property is currently $750 per week, $39,000 a year. The last brick dividend was $0.24.

Assuming the house is rented every week of every year, at $750 per week, property taxes do not go up, and there are no expenses, one would recoup a $100 investment in 34.7 years and still own the brick.

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