If you’re asking this question while dealing with a death in the family, the short version is this: the property doesn’t disappear, and neither does the funding arrangement attached to it — both become part of sorting out the estate, the way any asset and anything secured against it normally would. What isn’t yet public is exactly how MyBrix itself handles that process for a Brix funding arrangement specifically.

This article sets out what’s generally true about a property and a secured arrangement when an owner dies, what MyBrix’s published terms say about how the arrangement is structured, and — just as plainly — what hasn’t been disclosed and needs to be confirmed directly. For the wider set of options and terms, see our guides to accessing home equity without a loan and to what a fractional funding arrangement is.

What happens to a fractional funding arrangement when the owner dies?

In general terms, two things are true regardless of how the property was funded. First, the property becomes an asset of the deceased owner’s estate, administered under a will or, if there’s no will, under the rules that apply when someone dies without one. Second, an existing secured arrangement on the property — a bank mortgage, or a mortgage of the kind MyBrix’s structure uses — doesn’t vanish at death. It’s a liability tied to the property, and someone has to deal with it as part of settling the estate.

Beyond those two general points, MyBrix’s currently published materials — the Product Disclosure Statement (PDS) and Target Market Determination (TMD) — do not set out a specific, named process for what happens to a Brix funding arrangement when the owner dies. No clause has been identified describing notice requirements, whether a buyback or repayment is triggered, or how an executor deals with the registered mortgage. The current process is set out in the MyBrix Product Disclosure Statement and the Brix Participation Agreement — contact MyBrix directly to confirm what applies in your circumstances.

That gap is worth stating plainly rather than guessing at. The rest of this article separates what’s generally known from what isn’t, and points you toward the people who can advise on your specific situation.

How does a property under a funding arrangement fit into a deceased estate?

When a person dies, their assets — including a home — pass to their estate. An executor named in a will, or an administrator appointed by a court where there’s no will, deals with those assets under a grant of probate or letters of administration. That process exists regardless of how the property was funded.

A registered mortgage or comparable security on the property is a liability of the estate, not something that ends automatically. In general, whoever administers the estate needs to deal with it — by continuing arrangements, paying it out, or selling the secured property — before the estate can be finalised and distributed. None of this is specific to MyBrix; it reflects how secured debts on property are ordinarily treated when an owner dies.

How these general principles interact with a specific will, a specific state’s succession law, and a specific funding arrangement is not something general information can answer. Speak with an estate planning lawyer about how this interacts with your will and estate.

How is a Brix funding arrangement secured against the property?

A Brix is a fractional economic interest in a property — a financial product under Chapter 7 of the Corporations Act 2001 (Cth), not ownership of the property and not a loan. Each property MyBrix lists is divided into 10,000 Brix, representing the property’s future net sale proceeds and, where applicable, its net rental proceeds. The owner remains the registered legal owner throughout — as at July 2026, this stays true whether or not the arrangement is still running.

The security sits alongside that structure. As at July 2026, MyBrix’s terms state that a first-ranking mortgage is intended to be registered over the property at settlement, held on trust for all Brix holders. That mortgage is what ties the arrangement to the property’s title, which is exactly the mechanism that would be relevant if the registered owner died: title and any registered security on it are the things an executor or administrator has to work with. Occupancy and day-to-day control questions during the arrangement are covered separately in our guide to whether you lose control of your home when you sell a share of it.

What does MyBrix’s published information say about death or the estate?

Not much, currently. The PDS’s glossary describes the Brix Participation Agreement — a document that “describes the security and enforcement arrangements supporting the relevant property… and the circumstances in which MyBrix and/or appointed third parties may exercise essential rights (for example, to manage leasing, require buybacks, facilitate sale or refinance, or enforce security).” That agreement is where death-specific mechanics, if any exist, would most plausibly sit. It isn’t a public document, so what it says — if anything — about an owner’s death is unknown here, not confirmed as absent.

The table below separates what’s currently known from what still needs confirming.

Question	What’s currently known	Source
Is the property still an estate asset?	Yes — treated like any other estate asset	General estate law
Does a registered mortgage disappear at death?	No — it’s a liability the estate deals with	General estate law
Who holds the security behind a Brix arrangement?	Mortgage intended to be registered; held on trust	MyBrix PDS §4, §6.2(d)
Does the PDS name a death-specific process?	Not currently disclosed	Contact MyBrix directly
Where would detailed mechanics sit?	The Brix Participation Agreement (not public)	MyBrix PDS Glossary

How do other equity-release products handle the death of the borrower?

It can help to see how comparable products treat this, even though none of it tells you how a MyBrix arrangement would be handled. Products differ, and the point here is context, not prediction.

The government’s Home Equity Access Scheme (HEAS) publishes its death process directly. As at July 2026, Services Australia states: “If there’s an outstanding loan after your death, we’ll generally seek repayment from your estate after 14 weeks.” Repayment may be deferred where a surviving partner is of Age Pension age and living in the property — though interest keeps accruing during any deferral. HEAS also carries a statutory no-negative-equity guarantee, in force since 1 July 2022: “You or your estate won’t have to repay more than the market value of the property secured against the loan, minus any other mortgages or legitimate claims on the property.”

A private reverse mortgage works on a similar general principle, as Moneysmart — ASIC’s free consumer website — explains: the loan, plus the interest that’s compounded on it, is usually repaid when the home is sold or the borrower dies. For contracts taken out from 18 September 2012, statutory negative equity protection means the debt can’t exceed what the home is worth. Our guide comparing a reverse mortgage with selling a share of your home sets out the full picture.

Product	What happens on death (as published)
Home Equity Access Scheme	Estate generally repays after 14 weeks; guarantee applies
Private reverse mortgage	Repaid at sale or death; post-2012 loans protected
MyBrix fractional funding arrangement	Not currently disclosed in published materials

Both government and private lending products name death as a defined trigger, with published rules for what happens next. That’s a genuine point of difference worth being upfront about — it’s also exactly why the gap above needs direct confirmation rather than assumption.

What can you do if you’re planning ahead, or handling an estate that includes one of these arrangements?

If you’re planning ahead: keep a copy of the PDS, the TMD and the Brix Participation Agreement with your other estate documents, and make sure your executor knows the arrangement exists and where to find the paperwork. A funding arrangement your executor doesn’t know about is much harder to deal with than one that’s clearly documented.

If you’re currently administering an estate that includes one: contact MyBrix directly to ask what process applies, in writing, and keep a record of the answer.

Either way, the same line applies: speak with an estate planning lawyer about how this interacts with your will and estate. General information can tell you what’s published and what isn’t — it can’t tell you what to do with a specific will, a specific state’s succession rules, or a specific arrangement.

Where can you get reliable information?

MyBrix’s Product Disclosure Statement and Target Market Determination, available at mybrix.com.au, set out the terms that are currently public. For the parts that aren’t — including how death and the estate are handled — the accurate answer today is that it isn’t published, and confirming it directly with MyBrix, or through the Brix Participation Agreement, is the next step. For everything specific to your own will, your estate and your family’s circumstances, an estate planning lawyer is who to speak with.