DomaCom Ltd FY15 Company Update

DomaCom Ltd raised $5.7 Million in 2014 and finished the year with approval in late December from the Singaporean regulator, MAS, to distribute our product to exempt investors in Singapore.

In Australia, 2014 also saw DomaCom achieve regulatory approval from ASIC, approval by 13 Financial Planning Dealer Groups, commence operations, the acquisition of our first properties and the execution of our first secondary market transactions. We are currently engaged with ASIC on the development and approval of our second key product – the Equity Release product which will allow retirees to sell a portion of their homes.

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ABOUT DOMACOM 

DomaCom Ltd is an Australian company which has started the first, and only, Regulated Fractional Property System in the country. We are all familiar with the concept of buying a fraction of a company in the form of shares through the stock market. Now it is now possible to buy a fraction of Australian residential, commercial and or industrial property.

This is not a typical property trust where the investors have no say as to which properties are being invested in. Instead, this system allows every investor to choose exactly which property, and bid for how much of the property, that they want to own.

DomaCom have the only Australian Financial Services Licence in Australia which allows them to also run a secondary market, allowing investors to re-sell part or all of their fractional property holdings to the secondary market, much like how traders buy and sell shares in the Stock market.