In fractional property investment the buyer owns a share of the property and receives part of the rent and, if it’s sold, part of the value.

Two start-up companies, BRICKX and DomaCom, began offering a fractional property investment platform in 2016 while a third enterprise CoVESTA announced itself in January.

BRICKX chief executive Anthony Millet told The Border Mail his company now had more than 11,000 investors with “bricks” in 15 properties around Australia.

Fifteen brickholders ranging in age from 22 to 58 years live in Albury-Wodonga, with the average value of their portfolios being $1612.

One Albury man bought his first brick earlier this year and now has more than 30 bricks in multiple properties as part of a five-year plan.

“BRICKX is seeing significant adoption from regional areas across the country, such as Albury-Wodonga,” Mr Millet said.

“The simple to use and understand proposition makes property accessible to investors who are either locked out of property due to affordability or due to the geographical challenges that come with investing in some capital cities.”

The chief executive said the fully digital platform reduced paperwork while fees were transparent.

“You can sign up, deposit funds and invest within 10 minutes,” he said.

Some market analysts point out fractional property investment, like any investment, carries risk and the model of numerous co-owners and hands-off property management might lessen control of an investment.

Mr Millet said investors didn’t need to get involved in maintenance or day-to-day decisions.

“With over 1000 investors in most properties, this is a huge benefit in minimising hassle for investors,” he said.

“This (model) is opening up the returns of a historically high-performing investment class that has otherwise been restricted to the wealthy.”