Arthur Naoumidis
The new year has started well for the DomaCom Fund, with the company announcing it has reached $100m in funds under management, the bulk of which has been in property acquisitions for small investors and self-managed superannuation funds.
As the Fund has grown over the past few years it has embraced a wider range of assets than just residential property where it had its genesis, now offering investment in areas previously only available to sophisticated investors.
DomaCom has given all investors access to a range of commercial property opportunities, rural farmland, renewable energy, property developments, disability and affordable housing, special opportunities in new business, mortgage lending and land banking.
Perhaps the most progressive development for the DomaCom Fund is an investment product for Seniors Home Equity Release and a Shariah compliant housing finance solution for Australia’s Islamic community.
These new and innovative financial models demonstrate the flexibility of the platform where almost anything that passes a strict due diligence process can be syndicated for groups of investors, families and friends. Certainly in the property world everyone can get their foot on the property ladder and enjoy the growth that this asset class delivers.
DomaCom has worked diligently to secure some unique rulings for SMSFs and seniors looking to downsize and use home equity to top up their super.
SMSFs represent a significant percentage of investors who are able to curate a portfolio of high value assets by syndicating with other investors to maintain a balanced portfolio.
DomaCom CEO Arthur Naoumidis expressed his thanks for the support of a small but growing supporter base among investors, licensees and their financial advisers for driving the fractional model forward. “It is this innovation coupled with advisers progressive thinking that has enabled us to deliver financial and investment solutions that are in the best interests of investors with specific needs”.
“There is a demonstrable benefit to fractional investing which we look forward to building on with more advisers in 2022”, he said.