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DomaCom Ltd CEO talks growth in funds under management and looks ahead to new product launches

DomaCom Australia Ltd’s (ASX:DCL) Arthur Naoumidis caught up with Proactive's Andrew Scott after reporting Funds Under Management (FUD) has grown by 10.4% since the start of the current quarter to $70.9 million.

He says a new product they're launching now which is interesting investors and they've got their first transactions coming up is called 'Rent To Own' where tenants pay their rent as normal and get gifted equity in the apartment their renting.

Naoumidis says one reason that's attractive to investors is because it's attractive to tenants and as a result he expects the vacancy risk to be low.

Quick facts: DomaCom Ltd

Price: 0.098 AUD

Market: ASX
Market Cap: $27.28 m

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DomaCom's Arthur Naoumidis discusses acquisition of first Rent-to-Own property

DomaCom Ltd's (ASX:DCL) Arthur Naoumidis caught up with Proactive's Andrew Scott following the news it's acquired the first property for its new, innovative Rent-to-Own product in the Melbourne suburb of Moonee Ponds. The one-bedroom apartment in the Mason Square development was acquired for...

on 13/7/20

2 min read