Startup to offer discounted rentals for low income earners

Australian rich lister and co-founder of Flight Centre Geoff Harris has backed a new property start-up offering to buy homes for a guaranteed price, with about 20 per cent reportedly to be used as discount rentals for people on low incomes.

The company, Brickfloor, guarantees to buy selected properties if they fail to get a better offer during the sales campaign, essentially ensuring the vendor gets a sale. Brickfloor is looking for homes valued between $350,000 and $2.5 million within 50 kilometres of the Sydney and Melbourne CBDs.

Read the full Domain article.