Described as an industry-first, AMP Bank and Bricklet have launched new shared equity support for first home buyers to help them get onto the property ladder sooner.

While the home loan is provided by AMP, the Bricklet platform puts forward one or more investors that contribute to the remainder of the deposit, receiving an equity stake in the property. 

The buyer makes the mortgage repayments in addition to paying an occupancy fee to the investor. 

AMP Bank Group Executive Sean O’Malley said the bank is targeting borrowers with appropriate income to service the loan but who don’t have a big enough deposit. 

“Owning property is an important part of building long-term wealth and financial security, so we are focused on supporting more Australians to take this important step earlier in life,” Mr O’Malley said.

“This offer provides a different option for those who haven’t yet saved a large deposit but are earning enough to meet the ongoing financial commitment of a home loan.

“AMP Bank is pleased to have partnered with Bricklet to support Australians in realising their home ownership aspirations.”

Investors are expected to hold their equity for around five to 10 years, at which time the borrower can choose to buy out the investor portion of the equity, or even sell the property.

To qualify for the loan, applicants must demonstrate they can meet AMP Bank’s lending and serviceability criteria.

The collaboration acts as a private-market alternative to various government shared equity schemes.

Bricklet CEO Darren Younger said while there are plenty of opportunities for homebuyers, there was a gap that needed to be closed.

“One of the main reasons we created this was because a lot of people don’t qualify for government schemes,” Mr Younger explained.

“They either earn a bit too much, have already owned before, don’t meet the price cap, or miss out because spots are limited.

“We’re enabling people to get a mortgage for their home and then rent the remaining piece from an investor.”

The decision to partner with Bricklet forms part of AMP’s strategy to support the bank’s growth, and follows the launch of the digital home loan with Nano.


Buying a home or looking to refinance? The table below features home loans with some of the lowest interest rates on the market for owner occupiers.

Update resultsUpdate
LenderHome LoanInterest Rate Comparison Rate* Monthly Repayment Repayment type Rate Type Offset Redraw Ongoing Fees Upfront Fees LVR Lump Sum Repayment Additional Repayments Split Loan Option TagsFeaturesLinkCompare
6.04% p.a.
6.06% p.a.
Principal & Interest
Featured Online ExclusiveUp To $4K Cashback
  • Immediate cashback upon settlement
  • $2,000 for loans up to $700,000
  • $4,000 for loans over $700,000
5.99% p.a.
5.90% p.a.
Principal & Interest
Featured Apply In Minutes
  • No application or ongoing fees. Annual rate discount
  • Unlimited redraws & additional repayments. LVR <80%
  • A low-rate variable home loan from a 100% online lender. Backed by the Commonwealth Bank.
6.14% p.a.
6.16% p.a.
Principal & Interest
Featured Unlimited Redraws
  • No annual fees - None!
  • Get fast pre-approval
  • Unlimited additional repayments free of charge
  • Redraw freely - Access your additional payments when you need them
  • Home loan specialists available today
Important Information and Comparison Rate Warning

Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of . View disclaimer.

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