A well-known Australian social commentator once famously published his (tongue-in-cheek) complaint that if young people stopped spending $22 a pop on smashed avocado on toast in their hipster cafes, they'd be able to afford a deposit on a house. Given the median house price in Sydney is about a million bucks, you'd want about $220,000 for a decent deposit - which is 10,000 servings of smashed avo on toast in a hipster cafe (or 192 years worth if you were eating out once a week).

If you don't want to wait 192 years to fund a house deposit in Sydney, but still like the idea of contributing to some real estate, we've created a way to buy a house in Sydney for only $22 - give up your smashed avo on toast for one week, donate the money to Spare Keys, and we'll put it towards a deposit on a home. If we achieve our funding goal, and get through the regulatory hurdles once the laws change (read more about them here), we'll then crowd-fund the rest of the money for the house and work with our charity partners to use the home as a shelter for domestic violence victims, families travelling to be near sick kids in hospital and people who've unexpectedly become homeless due to illness, financial circumstance or natural disaster. It's a world-first, and almost certainly the only way you'll be able to look at a piece of Sydney real estate for $22.

Funds raised from this campaign are a donation to Spare Keys Australia Ltd. Help us out now with a $22 donation, and we'll reach out to you when the opportunity to invest in Sydney property via crowd funding equity becomes legal in Australia in September 2017.

Disclaimer

The content – including links from this website and publications – on this website is intended only to provide a summary and general overview. The content on this website does not constitute legal advice and is not intended to be comprehensive.  You should seek legal or other professional advice before acting or relying on any of the content.

Spare Keys Australia Ltd is not responsible to you or anyone else for any loss suffered in connection with the use of this website or any of the content.   Spare Keys Australia Ltd makes no warranties or representations about this website or any of the content and exclude, to the maximum extent permitted by law, any liability which may arise as a result of the use of this website, its content or the information on it.

Where liability cannot be excluded, any liability incurred by Spare Keys Australia Ltd in relation to the use of this website or the content is limited to the extent provided for by the Australian Consumer Law (Schedule 2 of the Competition and Consumer Act 2010).  To the extent permitted by law, we will not be liable for any indirect, incidental, special or consequential loss.

This website links to other websites over which Spare Keys Pty Ltd has no control and makes no representations about the accuracy of information contained on those websites.