The first $1.5M has been raised on DomaCom to fund a village development in Victoria - a first in funding.

Domacom is a ‘fractional property investment platform’. 

It allows individuals to get involved in property syndication investment by crowdfunding, plus it allows secondary trading of the investment. The ‘crowdfunding’ allows people to make pledges to contribute (invest) in a project but only if it gets the required minimum capital.

The first village to be funded is the well-known proposed gay and lesbian village at Ballan in Central Victoria, known as Linton Estate. The next two book builds for it will be $10M and $12M.

DomaCom is following the US and UK where property crowdfunding has taken off - in the US over $1.4 billion has been crowdfunded (check LendInvest) and in Europe more than $1 billion.