The DomaCom Fund has grown its funds under management to over $50 million since 31 January 2019.
DomaCom CEO Arthur Naoumidis said that in the last two months the fund has added 20 per cent to its FUM.
“We have seen a marked acceleration in deals on the platform and, in the coming months, as the company continues to draw down on its $50 million debt facility from La Trobe Financial, we can look forward to that acceleration trend continuing,” he said.
DomaCom is in ongoing discussions with financial advisers about its fractional investing platform, particularly around its use by SMSF investors.
“The need for DomaCom’s platform has become particularly evident in the past few months as most large banks have pulled back their lending into the investment property market,” Mr Naoumidis said.
“Furthermore, the potential for a change in federal government, and the changes that the Labour Party has already flagged for investment property, could result in DomaCom being one of the few remaining legal ways to access debt for property investment.”
DomaCom has a pipeline of residential property acquisitions and commercial project developments in renewable energy, disability housing and rural farmland that will help it to continue this strong growth trend in FUM over the coming months.
The company is confident that its senior’s equity release product, which it plans on launching this quarter, will offer a further avenue for substantial FUM growth as advisers expand their client reach to cater for this significant sector in the retirement market.
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