DomaCom takes property crowdfunding to Gen Y's via Domain

DomaCom takes property crowdfunding to Gen Y's via Domain
DomaCom takes property crowdfunding to Gen Y's via Domain

Fractional investment company DomaCom has announced an agreement with newly listed, Domain to integrate the full suite of Domain property listings into the DomaCom crowdfunding platform. 

DomaCom CEO, Arthur Naoumidis suggests it was a significant new integration for DomaCom that "will be critical in taking property crowdfunding into the mainstream."

He expects it will enable Gen Y & Millennials to get on the property ladder by crowdfunding a property of their choice with their friends or family.

DomaCom will also integrate Domain insights into the DomaCom crowdfunding platform to provide investors with unique proprietary market intelligence when making the decision to begin or join a crowdfunding campaign for a property.

Once a campaign starts, DomaCom’s crowdfunding platform facilitates external independent due diligence on the selected property bringing additional rigour to the analysis of the selected property before they invest.  

“Additionally, this innovation will give property owners access to the new crowdfunding revolution simply by listing their properties on Domain and at the same time open up a vast new pool of potential investors to the DomaCom platform,”  Naoumidis said.

"This will accelerate DomaCom’s strategy to target the consumer market directly and scale up crowdfunding campaigns to target Gen Y/Millennials," he said.

"Vendors listing properties with Domain will have an additional buyer channel – at no extra cost," he added.

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Domain Domacom

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