Update: FMA says there's growing interest in property crowdfunding under various new models

Wed, 27 Apr 2016

By Fiona Rotherham April 27 (BusinessDesk) - (Update including FMA response) The Financial Markets Authority says there has been a growing interest in property crowdfunding with promoters proposing various business models, including one launched today offering Kiwis a new way to enter the housing market by buying shares in a house share company. The Ownery Ltd is offering people the chance to grow their savings through the housing market because many, particularly younger Kiwis, face an uphill battle trying to save for a deposit as the...

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