There are two types of people in the world; people who love technology and those who don’t. Regardless of where you stand on this spectrum, in a world where technology is advancing every day, the need to adopt to such advancements is crucial for success and there is no exception in the Australian property industry.
With the launch of a long-term study by the Property Council and Yardi, the Property Council/Yardi Proptech Survey provides unparalleled research on the adoption and attitudes to technology in the Australian property industry.
Proptech – which the survey defines as any innovative technology that reimagines property’s core processes and business models – is turning real estate on its head. Metaprop, one of the world’s largest early-stage proptech venture capital firm, predicts that proptech innovation will deliver $205 billion of new value to the global real estate industry over the next five years alone.
Australia’s property owners, managers, designers and constructors are partnering with proptech accelerators to support start-ups, invest in international innovators and test and trial new technologies.
