and 5 years down the track, not a lot of love; things only got worse since @McLovin's post.Well done to the brokers who found enough suckers to get this pile of garbage away at 75c.
"nfortunately, for the vast majority, the RealTech Ventures Fund will be out of reach. Access is by invitation only and comes with a minimum buy-in of $10 million."
That means it offers a product potentially well suited to young professionals and Millennial investors, many of whom have taken to the sharemarket during the pandemic but have been largely priced out of residential real estate.“It allows investors the opportunity to build a property investment portfolio by purchasing a fraction of the asset on their DomaCom platform, allowing for a diversified direct holding across different property types without a massive outlay,” says [the spurt].
"Two of the key differences between DomaCom and other proptech platforms is that we are targeting investors via financial planners, and the other is that we have a fully licensed secondary market,” says Naoumidis, who also founded ASX-listed wealth management platform Praemium.
The biggest tailwind facing the sector, Naoumidis says, has been a cultural one. “The key challenge is building sufficient scale and getting the investment community comfortable with the new fractional investment model,” he says.