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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DomaCom Senior Equity Release clears final regulatory hurdle after 6 years  

DomaCom is pleased to announce that ASIC has issued a relief instrument that will allow the company to deliver an equity release product for the ageing retiree cohort who are asset rich and cash poor. DomaCom CEO, Arthur Naoumidis said, “This is a major milestone for DomaCom as we have been working with ASIC for […]

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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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