DomaCom completes property acquisition on platform

DomaCom has announced the completion of its first property crowdfunding campaign through the HUB24 platform.

DomaCom chief executive Arthur Naoumidis says the company completed a crowdfunding campaign though the Hub24 platform to acquire two properties in Victoria and Queensland.

“We’re very pleased to add HUB24 to the list of platforms coming on board with DomaCom and, in this case, it is GPS Wealth adviser clients who have completed a crowdfunding campaign to acquire two properties in Victoria and Queensland,” Mr Naoumidis said.

He said the company’s increasing footprint on platforms “is validation that its fractional property fund is gaining wider acceptance and a place in portfolio construction that can fit into any structure”.

In a similar way to managed accounts and portfolio models, Mr Naoumidis said DomaCom’s fractional property investment model is “finding a home on platforms to meet the demand for greater access to property investment”.

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