Kia ora koutou katoa.
As John Lennon so eloquently put it, “so this is Christmas, and what have you done? Another year over…”
It’s been a year of crafting, cultivating and consolidation at The Property Crowd, and the work is ongoing behind the scenes as we prepare to launch properties in 2020.
Some of you will recall how we offered a property for funding earlier this year. The property was subsequently withdrawn while we sorted through regulatory issues involving our secondary market that hadn’t been formally approved by the Financial Markets Authority (FMA) at the time.
I am absolutely delighted to share with you that the FMA has now finally approved us to operate our secondary (resale) market. This was achieved only recently, and we are now the only crowdfunding platform in New Zealand to have been granted the opportunity to provide a secondary market for our investors.
We are committed to opening up investment opportunities for everyone to access. Properties that are quality, well-maintained and fully managed.
Our secondary market will offer investors a simple mechanism to exit, cash up or re-invest elsewhere as needed. Without the need to sell a house in it’s entirety we’ll also be able to offer long term tenancies to those looking for stability.
Tenants will be asked to take a minimum ownership stake in the properties of 1%. While still technically a tenant, anybody occupying a house will be made to feel like they have a degree of ownership.
We’re excited to be able to start rolling out a diverse selection of properties early next year. We understand that everyone has different criteria or aspects of a property that they feel comfortable investing in, and we’re confident that we’ll be able to meet those once we get started.
I’d like to take this opportunity to thank all our registered users, investors, colleagues and partners for their ongoing support and good wishes over the last year. We look forward to being of service and helping as many as we can with their investment and housing aspirations.
Here’s to a happy and successful year for us all in 2020.