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).
What we'll do with your donation
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.
How it works
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.
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