Domacom Limited (ASX:DCL)
DomaCom Limited (ASX:DCL) is the first registered fractional investment platform in Australia, enabling buyers and sellers to transact for fractional ownership in high value assets such as property.
DomaCom Australia Limited is the operator of an investment platform offered through an ASIC registered Managed Investment Scheme, the DomaCom Fund, ARSN 167 020626.
Using the latest internet technology and equity (share) market concepts such as Separately Managed Accounts and Multi-level Managed Investment Schemes, the DomaCom platform will enable investors to get into the property market in a similar manner to investing in public companies.
The DomaCom Fund is a managed investment fund that enables investors to select properties they would like exposure to. Via a crowdfunding campaign process, investors can commit as much as they want towards the eventual purchase of the property/properties of their choice together with other like-minded investors. When a campaign is complete DomaCom purchases the property, places it in a sub-fund and issues the investors with units in proportion to the amount they invested.
The DomaCom Fund simulates an investment in property, carrying out the due diligence process of conveyancing, valuation and property inspection, but through a regulated structure enabling multiple people to ‘own’ a share of the property.