TicX featured on Dreams to Realty Property Insights Host and Researcher Sage Godrei had the pleasure of interviewing Real Estate agent and Founder of ticx.com.au Tony Puls about a solution for Australia's housing affordability crisis. Tony's 40-year career in real estate and his experience with crowdfunding were discussed, leading to the development of an equity-based crowdfunding platform recognised by the World Bank. His understanding of corporate and real estate law was also highlighted, along with plans for a trading exchange for tenant in common shares in property. Tenant in Common Exchange Platform Benefits Sage and Tony discussed the benefits of the tenant in common exchange platform, which allows real estate agents to offer any property for shared ownership. They explained how the platform has helped people who were previously unable to buy properties on their own to get a foot on the property ladder. The tenant in common exchange also provides a regular income stream from rental payments for the buyers. They talked about the legal aspects of this type of ownership and how the platform can help alleviate financial issues for people. Sage's focus was particularly on women, who may have been displaced or experienced financial hardship. They also discussed how the platform helps people find investors for their properties and the potential for lenders to provide loans specifically for tenant in common purchases. **DISCLAIMER** This is not financial advice. It is for informational purposes. Find out more about Tony Puls at www.austpac.au Anthony (Tony) Puls, has had over 40-years experience in raising funds for SMEs and holds a wealth of information on the subject. He is recognised as one of the founding fathers of crowdfunding globally. Tony was doing crowdfunding before the word ‘crowdfunding’ was even invented! See: SME Bonds launched. Tony has always been a strong advocate for regional development through business growth. During the early 1990’s, Tony set up a consortium, that included Birss Consulting Group (Sydney) & the Hunter Technology Development Centre (based at Newcastle University). In 1991 the consortium lodged an application through the New South Wales Corporate Affairs Commission to the National Companies & Securities Commission (NCSC), before it became known as ASIC, with a view to creating a type of stock market that SME’s could use to cost-effectively raise start-up and early-stage capital. Over the years, Tony has been involved in a number of studies including the Industries Commission study “Availability of Capital” commissioned by Paul Keating in 1991; Financing Growth 1995; Informal Equity Investment 1997; Investment Readiness Study 1997, Study of a Growth Equity Market for Australia 1997 as well as having been invited by the Australian Securities and Investments Commission (ASIC) in 1997 to contribute comment to the final drafting of a Class Order which provided the exemptive relief (from the Corporations Act) necessary to making crowdfunding an easier and cheaper way for SME’s to raise capital. To Washington & the SEC In 2013 Tony was invited to Washington by the Securities and Exchange Commission & FINRA to help with the development of crowdfunding regulations as part of President Obama’s Jobs Act initiative. See World Bank report – pages 18 & 46 where it references ASSOB as being the World’s most successful equity crowdfunding platform. (excerpt from Tony Puls website) You can find out more about Sage Godrei from: www.onthecuspprod.net www.polestarhub.io www.sagegodreiactor.com
