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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DomaCom and DFS Portfolio Solutions launch a branded mortgage sub-fund with an initial $4.1 million in the first mortgage investment sector

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DomaCom announces an allocation to two mortgage investments by our first branded Mortgage Fund with DFS Portfolio Solutions (DFSPS). The two first mortgages total approximately $4.1 Million, the first one has been drawn down with the second expected over the next few weeks. DomaCom CEO, Arthur Naoumidis said, “DomaCom has been working with DFSPS for […]

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ATO not to appeal landmark DomaCom SMSF Ruling

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The Australian Government Solicitor advised DomaCom’s Lawyers that the Commissioner will not be applying for special leave to appeal the recent Full Federal Court decision that an investment by an SMSF in units in a DomaCom sub-fund did not breach the Sole Purpose Test as a result of  the daughter of the SMSF member becoming a tenant of […]

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Conclusion of Federal Court action

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Fractional property investment company DomaCom (ASX:DCL) announces the conclusion to the legal proceedings which the Company has been supporting in the Federal Court of Australia, to consider the application of Superannuation legislation to allow investment in the DomaCom Fund by an SMSF where a related party is the tenant in the underlying property. The ATO […]

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Court hands down judgment in appeal relating to the DomaCom Fund

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Highlights The Full Federal Court has handed down judgment in the appeal by Aussiegolfa Pty Ltd (in its capacity as trustee of the Benson Family Superannuation Fund (BFSF). The Court held that the primary judge was incorrect in concluding that the leasing of the residential property held by the sub-fund to a child of a […]

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Revised MIT Legislation removes Residential Property prohibition

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Yesterday, the Government released draft legislation titled “Removing tax loopholes”, that include measures that address the tax leakage of foreign investment into residential and rural property. The previous draft legislation released by the Government on 14th September 2017 had proposed that Managed Investment Trusts (“MITs”) be prohibited from investing in residential properties if they were […]

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DomaCom obtains $100M lending facility

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A number of private lenders have joined forces to provide the DomaCom Fund access to an initial lending line of $100 million which will allow DomaCom to acquire up to $250 Million in property. DomaCom CEO Arthur Naoumidis says: “We have been seeking a default lending solution for our platform for three years as it […]

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DomaCom Crowdfunds First Mortgage backed loan

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In another crowdfunding first, DomaCom Australia announced that the crowdfunding campaign to fund a mortgage backed loan has been successfully completed. Newcastle based financial advice firm Shartru Wealth Management has used the DomaCom platform to acquire a $1.6 Million residential property in Melbourne using both debt and equity. A crowdfunding campaign was completed to raise […]

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Australia’s first retail land banking managed fund aimed at SMSF investors completes acquisition of land

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Sydney Investment management firm KSI Investments has successfully raised $6.4M from investors using the DomaCom Crowdfunding Platform. They have transacted on the first of two side by side parcels of land in the South-West Sydney suburb of Rossmore which is 5km from the new Badgery’s Creek airport for Sydney and 5km from the planned strategic […]

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