News and Announcements
DomaCom Receives Permission to Crowdfund Mortgages
- Published February 14, 2017 1:38PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
DomaCom have released news in relation to their opportunities available for investors.
KEY ANNOUNCEMENTS:
- The Company’s move into property debt comes as the major banks tighten laws on leading to property investor.
- DomaCom has been granted a licence from the Australian Securities & Investments Commission.
- The DomaCom platform allows investment in fractions of real property through collective investment schemes and crowdfunding.
DomaCom has worked diligently to create a platform that allows investors to select any Australian property to invest in from residential, commercial, rural, retail, industrial, resort/leisure property lists.
“We’ve been struggling to get any bank to lend to our fund, so we’re going to do it ourselves,” Mr Naoumidis. Introducing debt into the property vehicles would make the capital gain collected by equity investors more tax-efficient, as rental returns were used to service loans.
“The investors who want debt are probably older or retired and want income. The people who want the equity are generally younger and they want to ‘turbo’ their capital growth,” Mr Naoumidis said. With a fixed five-year term, the DomaCom mortgage bonds will offer a yield of 3.54 per cent over the Reserve Bank of Australia cash rate.
Previous achievements and highlights from DomaCom:
- DomaCom Limited, was formally admitted to the official list of the ASX during November 2016.
- SuperConcepts announced towards the end of 2016, the exclusive partnership with DomaCom to provide trustees and their advisers with ease of access to property investments.
- DomaCom were awarded “Best Disruptive Product” of 2015 at the Afiniation Showcase Awards for “…a new way to invest in the Australian property market”.
DomaCom Ltd is a unique ASX listed Fractional Property Fund in Australia that utilises’ a crowdfunding platform in which allows investors to pool together, to acquire property of their choice. Through the Company’s fund, investors are able to purchase part of any property type. Currently, DomaCom have 33 properties in the fund and 18 acquisitions in progress, DomaCom is well established although is still managing to create waves in the market.
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