PHOTO: The Coleman family saw armchair investing as the right option for them. Source: Supplied
An alternative to traditional property buying is growing in popularity as Australians seek other avenues to park their money during uncertain and confusing economic times.
Armchair investing – aka fractional investment – has also emerged as an alternate option for people to get their first foot on the property ladder.
Leading fractional investment firm the ASX-listed DomaCom has had its fund under management grow from $23m in 2017, shortly after it listed in November 2016, to a present $72 million.
The COVID-19 epidemic hasn’t managed to put the brakes on the interest in the investment option either, with DomaCom funds under management close to doubling from the $52 million this time last year.
And they aren’t alone.
Other fractional investment platforms such as Bricklet and BrickX allow property buyers to invest across a range of options, from residential to commercial, and rentals to holiday lettings.
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