The investment process
Investing via a crowdfunding campaign 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 crowdfunding campaigns at the same time. You can join each campaign 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 investing via a crowdfunding campaign work, step by step in DomaCom?
Open a DomaCom Fund account
To participate in a crowdfunding campaign, 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 crowdfunding campaign OR create a new private crowdfunding campaign?
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 crowdfunding campaign within their client base.
You can join a number of public crowdfunding campaigns, recommended to us by qualified property advisers, in case your financial adviser is not able to create a private crowdfunding campaign 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 campaign on the property of interest to you.
For more information on the how the bidding process works, contact us via email: email@example.com
Property due diligence commences (when the crowdfunding campaign 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 campaign costs incurred by DomaCom with respect to that campaign will be apportioned to investors accordingly.
For more information on the due diligence tasks undertaken, contact us via email: firstname.lastname@example.org
Crowdfunding campaign is closed and property is acquired
For a crowdfunding campaign 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 campaign 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 Ltd ACN 153 951 770 is the holder of an Australian Financial Services Licence Number 444365. DomaCom does not make any representations in respect of, or warrant the accuracy, timeliness or completeness of any of the information contained on this website.
Any information in respect of past performance is not a reliable indication as to future performance and any forward-looking statements on this website are based upon DomaCom’s current views and assumptions and involve known and unknown risks and uncertainties, many of which are beyond DomaCom’s control and could cause actual results, performance or events to differ materially from those expressed or implied. These forward-looking statements are not guarantees or representations of future performance and should not be relied upon as such.
The information published on this website is general information only. It does not constitute financial, tax or legal advice or a forecast. This information has been published without taking into account your personal objectives, financial situation or personal needs. Before acting on the information or deciding whether to acquire or hold a financial product, you should consider its appropriateness taking into account your personal objectives, financial situation or personal needs. Further, it is recommended before making any investment decision, that you seek independent financial advice and read the relevant Product Disclosure Statement (PDS) and any Supplementary Product Disclosure Statement (SPDS) available on the DomaCom Ltd website, www.domacom.com.au or by phoning 1300 365 930.