The bookbuild process
A bookbuild is a process that enables a group of property buyers with a common goal to invest in a specific property without committing to purchase the entire property individually.
You can participate in multiple book builds at the same time. As you join each book build your funds are quarantined to the value you wish to invest. Naturally, you cannot commit to invest more than the value funds that you have in your account.
How does a bookbuild work, step by step?
Open a DomaCom Fund account
To participate in a bookbuild, you first need to have your DomaCom-accredited financial adviser complete an application form and open an account (with ANZ Bank) so that you can deposit the amount you wish to invest in the property.
For a copy of the DomaCom Fund Product Disclosure Statement and Application Form, please click here.
Join an existing public bookbuild OR create a new private bookbuild?
This is for you and your financial adviser to discuss, based on your property needs and whether your financial adviser is able to create a private bookbuild within their client base.
You can join a number of public bookbuilds, recommended to us by qualified property advisers, in case your financial adviser is not able to create a private bookbuild to meet your property needs and wants.
Make a bid on your chosen property!
A sub-fund is created for each property held within the DomaCom Fund.
So make your bid and name the price! This is how you initiate your participation in a bookbuild on the property of interest to you.
For more information on the how the bidding process works, contact us via email: firstname.lastname@example.org
Property due diligence commences (when bookbuild is 30%-50% filled)
As more and more bids are placed, DomaCom will engage the services of approved parties to undertake a number of reviews and inspections of the property.
Summaries of these reports will become available to all the investors of the property.
Please note that Bookbuild costs incurred by DomaCom with respect to that Bookbuild will be apportioned to investors accordingly.
For more information on the due diligence tasks undertaken, contact us via email: email@example.com
Bookbuild is closed and property is acquired
For a bookbuild to close it must attract enough bids at a particular price to match the sale price of the property.
The moment this point is reached, the bookbuild will automatically close. No new bids will be accepted at this stage.
A Supplementary Product Disclosure Statement (SPDS), which provides detailed information about the proposed sub-fund, will be issued and distributed to all Investors with an active bid. On receipt of positive confirmation from all Investors, DomaCom will engage the services of a buyer’s agent to commence the purchase of the property.
Disclaimer: DomaCom Australia Limited ABN 33 153 951 770 the holder of AFSL 444365, is authorised to provide general financial product advice. Whilst DomaCom has taken all reasonable care to produce the information in this material, it does not make any representations in respect of, or warrant the accuracy, timeliness or completeness of any of the information. The information provided in this material is general information only. It does not constitute financial, tax, legal advice or a forecast. This information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, you should consider its appropriateness and the relevant Product Disclosure Statement (PDS) and any Supplementary Product Disclosure Statement (SPDS) available on the DomaCom website, www.domacom.com.au, or by calling 1300 365 930.