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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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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