DomaCom to launch fractional property investment pilot with big four bank

DomaCom to launch fractional property investment pilot with big four bank
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.

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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Domacom Big Four

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