Lonsec partners with DomaCom

DomaCom launched its fractional property investment platform earlier this month.

According to a statement from DomaCom, the agreement with Lonsec will see the new product exposed to a broader market of financial advisers and superannuation funds.

Lonsec director Alfons Fiorindo said he has been "impressed" by the level of interest among his clients in the DomaCom offering.

The DomaCom Fund allows investors to select properties of their choice online and then to invest any amount they deem appropriate, according to a statement.

"An intermediated solution, applications will only be accepted via a properly licensed and accredited financial adviser," said DomaCom.

"The accreditation process is in place to ensure advisers are fully conversant with the product and able to communicate the product structure to their clients," said the statement.

"One of the unique aspects of this new property trust is [that] DomaCom will offer a liquidity facility enabling investors to sell their units as opposed to relying on the outdated redemption process which is the current exit process for property trusts and mortgage funds, some of whom have questionable liquidity levels."