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Proppie Launches Mortgage-Sharing Platform

October 15, 2021 Financial No Comments
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Australian-founded start-up, Proppie is shaking up the real estate industry with the launch of a new and innovative platform that targets millennials and enables two or more users to share ownership of a property. Proppie provides a game-changing solution to the ongoing property affordability crisis, enabling both first-home buyers and experienced investors to enter the property market.

Proppie matches users based on their budget, property location and preferred “piece of the property pie,” taking the hard work out of finding and purchasing a house, unit, or apartment, with flexible contribution splits and the added security of a legally protected co-ownership agreement – so there are no awkward conversations or negotiations!

What’s more, prospective homeowners and investors can enjoy a variety of benefits, unique to Proppie,
including:
§ The freedom of rental security (no more requests to vacate) and long-term occupancy with a tenant who cares about the property as if it is their own (because it is!),
§ The security and benefits of co-ownership with your partner, friends, siblings, colleague, or child, without the tough conversations around finance arrangements and legalities,
§ A legal framework for what happens if a payment isn’t met or a party wants to sell,
§ Access a conveyancer for legal advice and to hold your hand every step of the way, and
§ The ability to work your way up the property ladder in half the time with half the risk.

What makes Proppie different is its ongoing support through the journey of purchase. Proppie takes the hard work out of finding a co-owner, matching users with users based on their property compatibility, securing purchases with a legal agreement through to settlement, and makes it possible for each owner to sell their share of the property when they choose, separately.

As the Australian market continues to see rising property prices, many Australian millennials are faced with deposit costs of six figures or more. Proppie aims to create a world where renters and owners are equal, helping millennials to get into the property market sooner.

Female founder and entrepreneur, Ayumi Uyeda, established the platform to help millennials get into the property market.

“It wasn’t until my millennial stepdaughter confided in me that purchasing a property alone was nearimpossible that I realised I had to do something about it and build Proppie,” Ayumi said. “It seemedcra zy that this hadn’t been done before.”

Whether you’re a budding homeowner or a seasoned investor, Proppie will find your most compatible partner to own the property of your dreams. Show your interest by creating a profile today on www.proppie.com.au.

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