DFS Portfolio Solutions partnership with DomaCom a success

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DomaCom is celebrating a 3 year partnership with DFS Portfolio Solutions having added some $30m to DomaCom’s FUM through the DFS  Mortgage Fund. The basis of the partnership was to facilitate the capture of the significant risk premium available in the private credit market during a period of historically low interest rates; and moreover, to

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AustAgri Transaction update

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Highlights DomaCom has been informed that AustAgri Group Limited (“AustAgri”) subsidiary Global Meat Export Pty Ltd (“GME”) has completed the acquisition of the business assets and operations of Cedar Meats Pty Ltd (“Cedar Meats business”). DomaCom has previously announced that it has entered into a Revenue Recognition Agreement with AustAgri relating to a conditional proposal

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DomaCom completes integration with BGL, Australia’s leading Self-Managed Super Fund administration platform

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DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘the Company’) is pleased to announce that the Company’s platform has been integrated with BGL Corporate Solutions Pty Ltd. (‘BGL’) Simple Fund 360, Australia’s leading  self-managed superannuation fund (SMSF) administration solution. BGL has implemented a seamless data interface with DomaCom which will allow 200,000+ SMSF’s to use the DomaCom Fund.

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DomaCom ready to help Australians benefit from Government measures to improve retirement outcomes

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Fractional investment platform provider DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘the Company’) is pleased to advise that its Senior Equity Release product is ideally suited to help Australian retirees benefit from recent Government measures introduced to improve retirement outcomes. The Company’s Senior Release Equity Release product offers the opportunity for senior Australians to access their housing wealth

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DomaCom partners with BlueCHP to deliver $250m in affordable housing for essential workers

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Fractional investment platform provider DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘the Company’) is pleased to announce that it has partnered with leading Australian Community Housing Provider (CHP) BlueCHP Limited to deliver up to $250 million in affordable housing for essential workers (teachers, nurses, firefighters, police) during 2021. DomaCom and BlueCHP are aiming to begin with an

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DomaCom announces $3.6m placement as part of a $16.6m recapitalisation proposal with potential $300m additional FUM

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Highlights DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘Company’) has entered into a placement agreement with FQC Fintech 2 Pty Ltd to raise approx. $2 million. AustAgri Group Limited (AAGL) has agreed to underwrite a further $1.6 million placement DomaCom has also entered into an implementation agreement relating to a proposal (subject to conditions including DomaCom shareholder approval)

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ATO confirmation on part disposal of home for downsizer contributions extends to DomaCom’s Senior Equity Release

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DomaCom Limited (ASX:DCL) (‘DomaCom’ or ‘the Company’) is pleased to announce that it has received confirmation from the ATO that a part disposal of a person’s home can be made to make a downsizer contribution. In particular, the ATO’s “Administrative Binding Advice” (ABA) confirms part disposal of a home for downsizer contributions. This means that a person

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DomaCom acquires first property for newly-launched Rent-to-Own product

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Fractional investment platform provider DomaCom Limited is pleased to announce that the first property for its innovative new Rent-to-Own product has been acquired in the Melbourne suburb of Moonee Ponds. The one-bedroom apartment in the Mason Square development was acquired for $447,000. Property manager, Rent Exchange, is currently seeking a suitable tenant. A model like

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DomaCom’s FUM hits $72 m, up over 10% since 1 April

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The fractional investment platform provider, DomaCom, has enjoyed a growth spurt since 1 April 2020 with Funds under Management (FUM) rising 10.4% to $70.9 million. Investments in the DFS Pooled Mortgage Sub-Fund, the Badgery’s Creek land bank project and its first Rent-to-Own property syndication have underpinned the growth. DomaCom CEO Arthur Naoumidis said: “It is pleasing to

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Rural property helps in investment diversification

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It has long been held that diversification is a key strategy to minimising risk. It’s a strategy that sees the inclusion of a variety of investments in a portfolio. Assets such as property can be further diversified by including different types of property in different geographic locations and whilst diversification will minimise capital risk overall

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