Live Avestix Equity Pty Ltd

OnMarket | Avestix Equity | Equity Crowdfunding Video (3:38 mins)

Equity Crowdfunding Type of Offer
58 Days Remaining
$500 Minimum Investment
$500,000 - $5,000,000 Size of Offer
0Pre-money Valuation

Minimum Target $500,000

48%

$237,740

Raised

25-77%

Equity

55

Investors

 

​Please consider the offer document and general risk warning before investing.

Investors are entitled to a 5 day cooling-off period.

Investments over $10,000 are restricted to Sophisticated investors - Apply here

 

Offer Overview

Avestix Equity Pty Ltd is a real estate investment company and the first equity crowdfunded company in Australia to provide investors with economic exposure to residential property. The Company’s first project will own up to 15 townhouses in a high-growth corridor north of Brisbane, with a view to establishing more portfolios in high growth locations. The current development is located in one of Queensland’s fastest growing regions and will require an estimated 575,000 new dwellings by 2026. The Company has significant real estate experience and want to provide all Australians with the same opportunities as institutional property investors.   

Investment Highlights

  • Australia’s first Equity Crowd-Funded investment landlord company
  • Avestix Equity will own an initial residential property portfolio of 15 townhouses upon completion in Brisbane’s fastest growing region
  • Targeting consistent yield through quarterly dividend payments from Year 2, combined with long term capital growth
  • Active investor communication through quarterly CEO Report to shareholders
  • Initial properties are located in a high growth location offering affordable luxury, on-site management with close proximity to rail transport, golf courses, restaurants and major shopping centers
  • Planned purchase of other identified property opportunities in high growth locations in the future
  • Professional property development and management with 25 years’ experience
  • Long term ownership plan of 7-10 years on the initial 15 townhouses to realize maximum value through the property cycle
  • Unique asset class - landlord and investment company intending to grow a residential and commercial real estate portfolio over time

Introduction

Avestix Equity is a new company based in Brisbane, Australia, established by a team of property and investment professionals with decades of experience, having completed numerous successful property projects (see section 2.7 of Offer Document for more information).

The aim is to amalgamate a large residential property portfolio, becoming a large corporate landlord.

The company portfolio will begin at Dakabin Crossing with Avestix Equity purchasing 3 new completed townhouses and up to an additional 12 new townhouses.

The company is expected to generate a return for investors from two sources:

  • Indicative Gross Rental returns of ~5% p.a.
  • Capital Growth of Property Values

Expansion of the investment portfolio over time will benefit the shareholders through increased diversification of the asset mix. Increased diversification is a well-accepted investment strategy aimed at reducing risk.

Market opportunity

The home ownership rate in Australia has been reducing over time, pointing towards more Australians renting homes, rather than owning.

Avestix believes that house price rises, lack of affordability, lack of availability, difficulty raising finance, employment uncertainty and poor wages growth all contribute to this phenomenon, supporting the case for increasing housing supply for renters.

The Australian housing market is the largest asset class in the nation and is now worth approximately $ 6.6 Trillion ($ 6,600 Billion). By way of comparison, the total Australian stock market value is approximately $2 Trillion ($ 2,000 Billion).

Over the past 25 years, the median house value nationally has risen by 412%, or $459,000. In the same period, the average Australian home loan has increased by 376%.

If property prices continue to rise at the same rate as the past 25 years, Australia’s median house value would reach $2.9 million in 2043.

Dakabin Crossing Project

The company portfolio will begin with the purchase of 3 townhouses, and up to a further 12 townhouses, at Dakabin Crossing.

The Dakabin Crossing master-planned residential community located at 140-150 Alma Road, Dakabin, Queensland 4503 (‘the Estate’). The master plan comprises 135 townhouses (45 are sold already) plus a mixed-use site for a retail centre and 9 apartments.

Dakabin is in the Moreton Bay Region, just 35 minutes north of the Brisbane CBD on the major train line to the Sunshine Coast and 30 minutes by road to Brisbane Airport. This is one of the fastest growing urban centres in Queensland with Westfield, Ikea, Costco and Bunnings already having an established presence. The region experienced 39% population growth over the last 5 years and is expected to benefit from over $4b in infrastructure spend over the next decade. 

Revenue model

Avestix Equity will own a total of 15 townhouses in Dakabin Crossing after construction of Stage 3A is completed (if this Offer is subscribed to in full)

The Company will earn rental income by leasing the properties to tenants. Management forecast that the properties will generate a 5% gross rental yield, although this cannot be guaranteed. (please see Financial Forecasts for more details and assumptions);

Management intends to sell the townhouses to a third party buyer at market prices after a 7 - 10 year period, depending on market conditions.

Terms of the offer

As part of the offer, Avestix Residence 101 Pty Ltd, a related party, will be investing $1.5m into the company to fund the purchase of 3 initial townhouses and provide working capital. This ensures that the Company will own at least 4 townhouses at minimum subscription.

Use of funds

 

Risks

Development risk: Properties purchased in the Dakabin Crossing Project may be exposed to residual defects and potential loss that may impact the financial performance of the Company. Until the 15 planned lots are conveyed to Avestix Equity, there will remain a risk that if an external controller, receiver, administrator or liquidator is appointed over Linzen Dakabin, the conveyance may not occur and the value paid in respect of construction costs could be lost or impaired.

Rental income risk: The Company’s primary source of income is generated through its leasing arrangements. The Company’s rental income may be affected by a number of factors including; overall economic conditions, ability to extend leases or replace outgoing tenants and supply and demand in the property market. Any decline in rental income has the potential to decrease the value of shares in the Company and also impact its financial performance and distributions.

Ability to re-lease properties risk: Leases of properties come up for renewal on a 12 Month basis. The Company’s rental income and expenditure may be affected by the Company’s ability to secure lease renewals or to obtain replacement tenants.

Development & settlement risk: The properties at the development which the Company proposes to purchase will only commence earning rental income once the project construction is completed and has settled. The Company’s rental income and expenditure may be affected by delays in the construction of the project or settlement which may be caused by the developers, financiers, unpredictable weather or other circumstances beyond the control of the Company.

Management and Board

  • Susan Lindeque – CEO & Co-Founder: Susan has been involved in residential real estate development for more than 25 years. She is also a registered Chartered Accountant and Real Estate Principal with more than 27 years of successful commercial and financial experience. She held various positions as Chief Financial Officer and Financial Director for large international companies.
  • Kaelene McElligott – CFO: Kaelene is a Chartered Accountant, holds a Bachelor of Business degree from QUT and has acquired over 25 years of experience in Accounting and Taxation across various industries. She has co-founded and managed various entities, including a global Geolocation technology company.
  • Debra Barber – Director of Marketing: Debra has founded and exited various companies including a Digital Marketing agency and a Real Estate agency. She has advised small businesses for over 15 years and specialises in all facets of Digital Marketing with vast experience in Real Estate project management.

 

The Offer is subject to a Maximum Subscription amount of $5,000,000. If the Maximum Subscription is reached, the Offer will close early. Applications will be treated on a time priority basis and may be subject to scale back, so please fund your application as soon as possible.

 

IMPORTANT: Please read the below information before investing in this Equity Crowdfunding offer.

RISK WARNING:  Crowd-sourced funding is risky. Issuers using this facility include new or rapidly growing ventures. Investment in these types of ventures is speculative and carries high risks. You may lose your entire investment, and you should be in a position to bear this risk without undue hardship. Even if the company is successful, the value of your investment and any return on the investment could be reduced if the company issues more shares. Your investment is unlikely to be liquid. This means you are unlikely to be able to sell your shares quickly or at all if you need the money or decide that this investment is not right for you.

Even though you have remedies for misleading statements in the replacement offer document or misconduct by the company, you may have difficulty recovering your money. There are rules for handling your money. However, if your money is handled inappropriately or the person operating this platform becomes insolvent, you may have difficulty recovering your money. Ask questions, read all information given carefully, and seek independent financial advice before committing yourself to any investment.

5 DAY COOLING OFF PERIOD: There is a 5 business day cooling off period for retail investors. During this period, you may withdraw your application and receive a full refund into your nominated refund account. Please note: After the 5 day cooling off period has expired, you will be unable to withdraw your application. More information here.

ONMARKET FEES: Upon successful completion of the Offer, a maximum fee of 6.25% of the funds raised will be paid to OnMarket by the Company.

ONMARKET INTERESTS: OnMarket and its associates may be participating in this offer.

ONMARKET INTERESTS AND AMOUNTS SUBJECT TO COOLING OFF: The funding bar displayed under each crowd funding offer may include applications where payments are yet to be made and amounts that are subject to the cooling off period.

Section 734(6) disclosure: The issuer of the securities is Avestix Equity Pty Ltd ACN 634 366 582 . The securities to be issued are fully-paid ordinary shares. The disclosure document for the offer can be obtained by clicking on the link above. The offers of the securities are made in, or accompanied by, a copy of the disclosure document. Investors should consider the disclosure document in deciding whether to acquire the securities. Anyone who wants to acquire the securities will need to complete the application form that will be in or will accompany the disclosure document (which can be done via the electronic application form which will become available by clicking the bid button above).​

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Question time

We'd love to answer your questions, we'll have one of the OnMarket team or the company representative of the offer get back to you asap. So ask away ...

Competition

How do you plan to combat similar ideas. For example brick-x?

Jeffrey W (OnMarket member) on 23/08/2019

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Avestix Equity Pty Ltd

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Providing economic exposure to real estate via the CSF offer company acquiring title to residential property

 

Avestix Equity Pty Ltd is a real estate investment company and the first equity crowdfunded company in Australia to provide investors with economic exposure to residential property. The Company’s first project will own up to 15 townhouses in a high-growth corridor north of Brisbane, with a view to establishing more portfolios in high growth locations. The current development is located in one of Queensland’s fastest growing regions, requiring an estimated 575,000 new dwellings by 2026. The Company has significant real estate experience and want to provide all Australians with the same opportunities as institutional property investors. 

 

Before investing please consider the offer document and the general risk warning.

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Raised

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Equity

55

Investors
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