DomaCom to launch fractional property investment pilot with big four bank

One of Australia’s big 4 banks is set to launch a six-month pilot for fractional property investment using DomaCom.

This mutually exclusive agreement will see the bank trial DomaCom’s fractional investing model and, if successful, should lead to a commercial deployment within the bank.

DomaCom CEO Arthur Naoumidis said DomaCom has always been an intermediated business and had been seeking a large B2C partner for some time and we are looking forward to progressing this pilot with the bank”.

Warren Gibson, DomaCom's marketing manager, said it's great news for DomaCom, following a three-month review process.

"It gives us an opportunity to market with a significant partner over the next 6 months in real terms with actual investment properties," Gibson said.

Last year DomaCom, a fractional property investment who offer alternate property assets, secured the first crowdfunded mortgage. 

The company is yet to advise the bank and the arrangement's starting date.