Fractional Investment Company DomaCom has appointed Dr John Hewson as Non-Executive Chairman and John Elkovich as CEO effective immediately following the departure of outgoing CEO Arthur Naoumidis.

Dr Hewson is an experienced economist with several careers in academia, bureaucracy, business, politics (a former Liberal Party leader), and the media.

Mr Elkovich is a leader in the financial services industry with over 30 years of experience in wealth management, financial advisory and investment.

DomaCom intends on applying for relisting on the ASX after a short review period. DCL shares are currently trading at 6.5 cents on the ASX.

Domacom has appointed a new chair, chief executive officer and a new director to its board in preparation for continued growth and relisting to the ASX.

Dr John Hewson, an experienced economist, has been appointed as the DomaCom non-executive chair.

Financial services leader John Elkovich has been appointed CEO with immediate effect.

Angela Williams is an experienced marketer in the fintech space and has also joined the board as a director.

Former chair Grahame Evans will remain on the board as a non-executive deputy chair, while former CEO Arthur Naoumidis has left the company.

This article outlines various ways that financial advisors can begin to offer property investment advice to their clients.

Property is a significant asset class with a wider audience is gravitating towards it to invest. Advisors who are not assisting their clients with property investment advice may be missing out on this audience.

There is a substantial market for new clients in property for financial advisors who choose to engage it, with retirees, young people and wealth accumulators wanting to either grow their portfolio, or enter the property ladder.

A managed fund is one solution that allows advisors to offer strategic investment advice about asset choice, diversification and allocation.

Fractional investment in particular allows people to create their own managed sub-fund to invest with others, such as family and friends, which is an excellent solution for those looking to get into property.

Click through to view the full article and see some great examples of how you can use the fractional investment model successfully.

Continued growth in the DomaCom Fund over recent months has pushed DomaCom’s FUM up through the $100 million mark. The percentage increase over the last 12 months was significant at 33%.

The majority of the FUM increase can be attributed to property acquisitions for both small investors and SMSFs.

This strong growth over recent years can be linked to DomaCom’s willingness to invest in a broader range of property assets, such as commercial property, rural farmland, renewable energy, property developments, affordable housing, mortgage lending and land banking. This has provided small investors and SMSFs with access to ‘big ticket’ assets, previously the domain of sophisticated investors.

Another integral contributor to this growth is DomaCom’s continued innovation in their product offering, such as the Seniors Home Equity Release product, and DomaCom’s Shariah compliant housing finance solution for Australia’s Islamic community (to be released early 2022).

DomaCom Australia Ltd (ASX:DCL) is starting to gain some momentum as it continues to progress on many fronts moving into 2022.

The company is continuing to grow and progress is happening at a faster rate as Domacom looks to push through the $100 million barrier.

99 deals have been done, with $97 million invested to date.

This success hasn’t happened without challenges. DomaCom’s technology and flexibility in meeting those challenges has been a factor in it’s growing success.

The management, staff and the board, supported by new and long-term shareholders, with their unwavering belief in the future of fractional investing, have stuck to the task.

Read the full article to discover more about Domacom’s:

  • Board Renewal
  • Optimal Conditions
  • Operating Envionment Ahead
  • AustiAgri Acquisition
  • Expansion Into Companies
  • ASX Review

There is an increasing amount of young first home buyers recieving financial support from their parents to get into the property market.

This emerging trend shows that fractional property investment is quickly becoming a practical strategy for investors and related SMSfs.

Our very own Warren Gibson (Head of Marketing at DomaCom) said that recent Digital Finance Analytics had revealed that 60 per cent of first-time home buyers get financial help from their parents.

This is most often in the form of cash (gifted or loaned) or as guarantor on a home loan.

“Going guarantor means the parent/s use the equity in their home as security for part or all the deposit, enabling the child to get into a home with little or no deposit of their own and eliminating Lenders Mortgage Insurance,” he said.

“For those without the benefit of a bank of mum and dad (BOMAD) to call on, it is still possible to achieve home ownership by engaging a broader base than just mum and dad. Family members, friends and even random strangers can participate in funding residential property as an investment.”

The notion of sharing the costs of a property for the benefit of several different people is not new. This idea dates back centuries in order to make gaining an asset more affordable for everyone involved, according to Mr Gibson….Article Continues

In this article, Warren Gibson explains the power of crowdfunding and how the rise of all things ‘digital’ has helped to transform the way crowdfunding campaigns are launched.

Whether you refer to it as crowdfunding, fractional investing (which is the preferred name) or syndication, this article delves into the history of ‘group investing’ and the various projects and activities that this model has been utilised for, and how it has matured.

DomaCom is one platform that has provided Australian investors, both established and new to the market, with the means to fractionally invest in a range of residential, commercial and rural property opportunities.

For many younger, would-be property buyers, the DomaCom fund has provided a stepping stone to home ownership, allowing them to join the property ladder with a modest investment (as little as $1000).

The primary benefits of fractional investing or crowdfunding in the property market include:

  • Scaled entry to the property market, which in particular has provided younger audiences with a means to invest in property who may otherwise had limited opportunities to do so.
  • Investment diversification: allowing investors to spread funding across multiple assets.
  • Giving financial advisors the opportunity to enhance their fees and client offerings with direct property investment via a managed fund.

 

Fractional investing is the process of breaking down high value assets, like property, into bite-sized pieces so small investors can access the same direct assets as sophisticated investors.

LEADING THE way in Australia, DomaCom has combined a technology platform with a common legal structure to achieve a model with the same attributes as any other managed fund but with several added features that benefit investors and advisers.

There’s a new way for retirees to top up their super through the downsizer contribution without having to move out of their home – and it’s got the approval of the ATO.

The Australian Taxation Office (ATO) has confirmed that a part disposal of a home can work with the “downsizer” contribution, meaning SMSF retirees and regular retirees can simultaneously top up their superannuation savings and remain in their place of residence.
Fractional Property Investment company DomaCom Ltd shared the news in an ASX announcement, acknowledging that the ability to contribute the proceeds of downsizing part of a home into superannuation was one of several measures to improve housing affordability outlined in the 2017-18 budget.
New guidance from the ATO has confirmed this position, which is applicable to eligible individuals over the age of 65.

Fractional investing needs support from financial investors to grow and become more common.

For those without a financial stake in Australia’s housing market, there’s arguably never been a better time to become a fractional property investor.

At the time of writing, fractional property investment only makes a tiny portion of the Australian property sector.

Fractional property investment is promoted as an effective way to support low-income earners to invest in stable housing.