More than 75% of Australians view home ownership as "the great Australian dream" but rising house prices are putting this dream out of reach for most, especially millennials who struggle to save for a deposit.
Owners find it difficult to access equity in their properties. There are no viable options apart from refinancing and taking on more debt or selling their assets. Both scenarios are typically not ideal for owners' financial situations.
Investors have always viewed property as a lucrative investment vehicle. This is due to leveraged returns stemming from low interest rates and high capital gains. Unfortunately, getting into the property investing game requires a prohibitive up-front commitment for most budding investors.
Konkrete is not just an idea, but the coming together of two existing entities, whose founders are seasoned entrepreneurs from the real estate and technology startup sector.
The Konkrete Token (KKT) – an ERC-20-based token – will power the Konkrete platform and form the lifeblood of its ecosystem. Within our ecosystem, KKT will provide utility in the form of listing and transaction fees, recording of unit holder votes, AML/CTF checks and more.
Participants in the Konkrete share sale will receive bonus complimentary tokens via airdrop.
Join Konkrete to help Australians enter the property market, without giving up their smashed avocado!