Search Result: domacom


Australian FinTech company profile #49 – DomaCom

DomaCom is a retail and intermediated online fractional investment platform with two core products, an investment fund and a seniors equity release fund.


DomaCom Ltd completes first crowdfunding into large NSW wind farm

DomaCom’s crowdfunding of Sapphire Wind Farm in NSW is Australia’s first large-scale public community investment into a utility-scale wind farm.


DomaCom secures $50 million property funding facility with La Trobe Financial

ASX-listed DomaCom Limited (ASX:DCL) has today announced that it has partnered with La Trobe Financial to provide property investors using DomaCom’s fractional property investment fund with a credit facility. An initial A$50 million facility has been provided by La Trobe Financial that will allow investors to acquire approximately A$100 million of leveraged property through the DomaCom Fund. The facility will provide up to 60% leverage for investors and Self-Managed Super Funds (SMSFs) at a competitive 5.99% pa. Enabling the use of lending when purchasing investment properties is a key addition to the DomaCom product offering, which places the Company in a strong position to almost triple its Funds Under Management […]


Fractional investing platform DomaCom expands into rural property

ASX-listed DomaCom has taken its fractional property investing platform to the bush after tying up a partnership with rural start-up Cultivate Farms. Under the arrangement, Cultivate Farms will source appropriate properties from farmers looking to retire and match these to aspiring or next generation farmers with DomaCom providing the investment capital through its crowdfunding platform. To help get the project off the ground, AFL great and farming sector advocate Kevin Sheedy has come on board as ambassador. “The idea behind this project is to enable young farming families to get their foot on a property they can farm commercially, while at the same time enabling a retiring farmer to sell […]


DomaCom acquires $100m lending facility

Property crowdfunding firm DomaCom and a number of private lenders have partnered to provide the DomaCom Fund with an initial lending line of $100 million. In a statement, DomaCom chief executive Arthur Naoumidis said the lending facility would allow the company to purchase up to $250 million in property. “We have been seeking a default lending solution for our platform for three years as it is clear that advisers are seeking to use debt to deliver long-term tax effective returns for their clients,” he said. “In addition to the recently announced capacity to being able to crowdfund their own debt, advisers can now simply select the debt level they are […]


DomaCom Australia completes crowdfunding of first mortgage backed loan

DomaCom Australia Ltd (ASX:DCL) has successfully completed the crowdfunding campaign to fund its first mortgage backed loan. The company’s online platform provides an opportunity for investors to invest in residential and commercial property across Australia through the fractional acquisition of units in a trust. Newcastle based financial advice firm Shartru Wealth Management used the DomaCom platform to acquire a $1.6 million residential property in Melbourne using both debt and equity. Internal gearing to deliver long-term returns The crowdfunding campaign was completed to raise about $682,000 for the equity component and another campaign was completed to raise the remaining $948,000 debt. DomaCom chief executive officer Arthur Naoumidis explained that one of […]


DomaCom to integrate with major real estate platform

One of the major real estate platforms has entered an agreement with DomaCom which will see its property listings integrated into DomaCom’s crowdfunding platform. In an ASX announcement, DomaCom said it has entered an agreement with Domain which will connect Domain’s vast property listing data with DomaCom’s crowdfunding technology. The agreements will also see Domain’s market intelligence integrated into the DomaCom Crowdfunding platform in order to provide analytics to investors. DomaCom said the arrangement will help the platform target the consumer market directly, particularly the Generation Y market. Once a campaign starts, DomaCom said its crowdfunding platform facilitates external independent due diligence on the selected property bringing additional rigour to […]


DomaCom partners with Moody’s Analytics

Fractional property investment company DomaCom has struck a deal to gain access to the CoreLogic – Moody’s Analytics Australian Forecast Home Value Index. The partnership will allow DomaCom to create “highly targeted, research-backed residential property investment strategies for independent financial advisers and direct investors”, DomaCom said in a statement. DomaCom intends to use the 10-year CoreLogic – Moody’s Analytics Australian Forecast Home Value Index to create residential crowdfunding campaigns for each Australian capital. “While independent financial advisers are typically at the core of most client’s investment decisions they have not previously been able to offer clients a comprehensive property investment solution, effectively excluding the world’s largest asset class from the […]