How does it work?

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Once you have set up your Property Circle, you can list it as a “Circle in Progress” on the MPC platform to attract like-minded investors

Use our calculators to decide how much you would like to spend on your first property, and how many Members you need

Calculators

Have a think about what you want out of a Circle:

• Do you want to join an existing Circle or start your own?
• What timeline do you have in mind for the Circle?
• Do you know who you want in your Circle or do you want to advertise for potential Circle partners?
• Are there one or two people in your Circle willing to take on the Director responsibilities of the unit trust?
• Make sure you speak to your Financial Planner and/or Accountant for advice.

Decide how you would like to finance your Circle. A typical Circle has two financing options

1. The Circle buys property unencumbered by a mortgage

   Circle Members can purchase units (shares) in the Circle using:

   • Cash
   • Funds that they have personally borrowed
   • Self Managed Super Fund

2. The Unit Trust itself takes out the mortgage, with a personal guarantee held by one or more of the Directors

3. Circle Members may elect to pay a Director’s fee (approximately $5000 per property per annum) as compensation for the additional responsibility. If you are starting a Circle, you must elect to be a Circle Director, or find someone who can be

My Property Circles does offer some administration support for an additional fee. Find more information here

• If you don’t have a property in mind, property buyers will select the perfect properties for you, and members will vote for their favourite
• Units (shares) will be issued to each member based on their deposited amount
• All costs are paid by your Property Circle from rent received. If there is a shortfall of rent, members may be required to cover losses by investing further funds

Our Property Circle partners will ensure that the hard work of running the Property Circle is easy and transparent

• Accountant
• Bookkeeper
• Property manager
• Buyer’s Agent
• Mortgage Broker
• Lawyer

We recommend your Circle holds a bi-annual meeting with an experienced Chair to make key decisions

*We recommend experts that we trust and that understand how investing in a Property Circle works, but you are able to select your own Partners at any stage and there is no obligation to use the ones we suggest

Based on your Circle guidelines, your Circle may aim to purchase up to four properties in five years, and you will contribute a new deposit each year

If you can’t afford the deposit each year, don’t worry, this is not a legal obligation. Some Circle Members contribute more than others, they will own a greater share of the units (shares)

The Circle may also elect to issue units for sale on the MPC platform – adding more members and more funds

Depending on your Circle guidelines: After five years properties will be sold, or members can vote to keep investing

You can exit at any time by selling your units (shares)