‘Huge’ appetite for agricultural assets, says DomaCom
The willingness of approximately 4,500 ‘mum and dad’ investors to commit more than $70 million to acquire a stake in the S Kidman & Co pastoral holding is indicative of “the huge retail appetite” for investment in agricultural assets, according to property crowdfunder DomaCom.
Arthur Naoumidis, chief executive officer of DomaCom, said the Parliament should make “every effort” to encourage this investment.
“Although the value of agricultural land fluctuates in line with the highs and lows of climatic changes, such as drought, it attracts reasonable yields and enjoys capital gain,” he said.
Advertisement
Advertisement
