ATO provides Sole Purpose Test guidance to DomaCom

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DomaCom Limited (ASX: DCL) (DomaCom) is pleased to announce that DomaCom and the Australian Tax Office (ATO) have reached agreement on the conditions under which the ATO will not apply compliance resources regarding the Sole Purpose Test (SPT) for an investment by an SMSF into a DomaCom sub-fund that owns a residential property, where a […]

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DomaCom secures HALO Technologies as cornerstone investor

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DomaCom Limited (ASX: DCL) (DomaCom) is pleased to announce that HALO Investment Co Pty Limited, a subsidiary of HALO Technologies Pty Ltd (together HALO) is the institutional investor that was announced on 6th September 2019 as subscribing to a placement for $500K and has subscribed to a further $700K of shares at 7.42 cents to take their investment […]

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Sapphire Wind Farm crowdfunding completes

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DomaCom Limited (ASX: DCL) is pleased to announce that the DomaCom Fund has completed its first crowdfunding into a wind farm project. Located in the New England region of northern NSW, the Sapphire Wind Farm Community Co-investment is in the vicinity of Inverell and Glen Innes and was opened firstly to residents in the Federal […]

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Domacom launches Senior Equity Release

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DomaCom’s long awaited Senior Equity Release was launched this week with an adviser accreditation course that will enable financial advisers to provide sign-off to seniors 60 years + looking for an equity release on their home. DomaCom is the first equity release to be issued as a financial product. All other equity release products are […]

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DomaCom hits $50m FUM milestone, grows 20% in past 75 days

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DomaCom Limited (ASX: DCL) (DomaCom or the Company) is pleased to announce that the DomaCom Fund has grown its funds under management (FUM) to over $50m, an increase of 20% since 31 January 2019. DomaCom CEO Arthur Naoumidis said, “In the last two months DomaCom has added 20% to its FUM. We have seen a […]

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

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DomaCom Limited (ASX:DCL, ‘DomaCom’ or ‘Company’) has 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 […]

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DomaCom $1.3 million placement oversubscribed

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DomaCom is pleased to announce that it has secured $1.315 million in funding through the placement of 13,150,000 shares at 10 cents a share to sophisticated and institutional investors. The placement was filled by existing and new investors and includes an Institutional Equity Fund Manager who is taking a position in DomaCom for the first […]

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DomaCom and a Big 4 bank to begin 6-month pilot.

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Following a 3-month review process, one of Australia’s Big 4 banks is set to launch a 6-month pilot for fractional property investment using DomaCom. This mutually exclusive agreement will see the bank trial DomaCom’s fractional investing model and, if successful, should lead to a commercial deployment within the bank. DomaCom CEO Arthur Naoumidis said “DomaCom […]

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DomaCom completes $2.95 million capital raise

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DomaCom is pleased to announce that it has secured $2.95 Million in funding through the issue of a Convertible Security to the Thundering Herd Fund No.1 and Thundering Herd Pty Ltd (together “Thundering Herd”), a Melbourne-based institutional investor The Convertible Security has a two year term paying an annual 15% coupon rate on a quarterly […]

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Implementation of Community Co-Investment for the Sapphire Wind Farm

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With construction and commissioning of the Sapphire Wind Farm nearing completion, the implementation of community co-investment for Sapphire is about to proceed. A series of “Open House” events has been organised in Glen Innes, Armidale, Wellingrove and Inverell in early December, to allow local residents to learn more about the co-investment opportunity, to meet the […]

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