Fees Payable to CoVESTA

Registration fee

One off fee of 55c, payable by premium SMS at the time of acquiring an interest in the platform, or later when acquiring a block, or by credit card. This fee is the application price associated with acquiring an interest in the platform.

Block purchase fee

For property values under $5 million, this is calculated as 2.5% + GST of the property price, divided by 100 (ie, the number of Blocks on issue) - this amount is included as a cost associated with the total Block price payable upon purchase of a Block. This fee is applied to the costs of property acquisitions, including conveyancing and Trust establishment. This fee may vary for property values in excess of $5 million

Syndicate management fee

For property values under $5 million, this is a fixed fee of $75 per Block - payable annually by all Block holders holding Blocks on the anniversary of the syndicate formation date. This fee may vary for property values in excess of $5 million


Additional Information

Expenses typically associated with property investment and ownership are payable out of gross rental income, ahead of paying distributions to Block holders. These can include:

  • property management fee (market driven price, charged as a percentage of rental income);
  • property insurance;
  • rates, strata, services; and
  • any repairs and maintenance costs.
  • sales agent fee - 2%+GST of property sale price - payable from the proceeds of sale ahead of such proceeds being paid into the selling Member(s) digital wallet(s). This fee is applied to cover marketing expenses and expenses associated with the sale process

Where necessary, such expenses will be paid out of the property cash reserve, and such reserve will be replenished over time from the gross rental income received in relation to the relevant property.