Leveraging the 'Help to Buy' Shared Equity Scheme thru ticX
Автор: ticX
Загружено: 2025-03-31
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The role of the Tenant in Common Exchange (ticX) - www.ticx.com.au
in delivering more affordable housing
We believe the advent of the ticX trading exchange for tenant in common shares in real estate could well be the biggest thing to happen to the property sector since the introduction of Strata Title in 1961.
Put simply, the ticX is a ‘stock exchange’ for tenant in common (TIC) shares in real estate.
Note: With a stock exchange (like the ASX) licensed securities dealers do the transactions. With the Tenant in Common Exchange, licensed real estate agents do the transactions. The ticX platform, like a stock exchange, is merely a notice board.
Although TIC ownership of real estate had been enshrined in property law since medieval times, surprisingly, in all that time, no one had ever thought of creating a trading exchange for buyers and sellers of TIC shares until Tony Puls launched the Tenant in Common Exchange (ticX) in late July 2024. It had taken Tony about 40-years to work out how to create a legally compliant trading exchange for TIC shares in property.
Any property listed for sale on the ticX may be purchased by a single buyer in the usual way, or by two or more co-owners, whichever occurs first. Each co-owner's interest is separately registered on title and can be willed (bequeathed), sold, or mortgaged separately. The ticX trading exchange enables investors to directly acquire an ownership share in a property with other like-minded parties. Co-owners share expenses, rental income, and capital value in proportion to the percentage held. For liquidity, each co-owner’s TIC share can be independently traded on the ticX.
In Australia, it is illegal for any person (or company) to ask two or more people to invest in a shared business venture, property, or other investment, without complying with legal rules set down by the Corporations Act 2001. However, once a property is listed on the ticX it instantly becomes ‘legally’ available for shared ownership and can be offered to two or more people.
The ticX can underpin housing affordability initiatives such as government ‘shared equity’ programs in that it provides an exit pathway for participants, allowing stakeholders to cash-out and/or reinvest into more affordable housing.
The ticX platform is unique in the world. www.ticx.com.au
See also: www.ticso.com.au
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