Realestateview.com.au announced a pilot partnership with Joust, Australia’s online home loans marketplace, to help millions find the right finance solution when looking to buy, sell or invest in property. Realestateview.com.au assists 1.1 million property seekers each month to find their dream property. Joust will assist these property seekers by providing an integrated home loan marketplace to connect them to lenders and brokers for their home loan needs.
AI-powered real estate platform Soho.com.au, announced it is collaborating with Sotheby’s International Realty to showcase their properties on its growing listing syndication platform. Sotheby's International Realty is a leader in luxury real estate with a presence in over 80 countries. The brand has over 36,000 global properties listed on sothebysrealty.com.he addition of the Sotheby’s International Realty brand’s high-end properties to Soho.com.au sees the proptech disruptor expand its total listings to over 60% of all properties in Australia.
In the face of a slowing house market, ongoing labor shortage issues and a difficult supply chain, it is essential for custom home builders to implement best practices that maintain profitability during market booms, as well as in times of economic uncertainty. The Association of Professional Builders (APB), a business coaching service for custom home builders throughout the US, Canada, ANZ, commissioned the 2022 State of the Residential Construction Industry (SORCI) report to gather deeper insights from 720 builders into the residential construction industry and spot emerging trends to help the owners of residential building companies see how their own businesses measure up against industry benchmarks.
Falling property values will leave homeowners with inflated land tax valuations that don't reflect the state of the market, warns the NSW Valuer-General David Parker. Parker says that over two-thirds of the 2.1 million valuation notices will be issued for residential properties in the Western Sydney region alone. Mr Parker expects an “avalanche” of objections.
Rents have been accelerating at lightning speeds as landlords pass on their rate hikes, driving tenants into financial distress. Since the beginning of the pandemic, asking rents have risen by nearly 24% for houses and 12% for units. In June alone, Aussies' capital city rents increased by 3%, and dwelling vacancy rates fell to 1.2%. Since July 2021, dwelling rents have risen 9.1% in capital cities. Are high rents driven by a shortfall in the supply of rental properties?
Researchers at the University of South Australia (UniSA) have developed a machine learning technique that makes property valuation more transparent, reliable, and practical, with the ability to accurately model the impact of urban development decisions on property prices. The technique was validated using over 30 years of sale information in metro Adelaide and uses purpose-developed machine learning algorithms to process data about housing, urban structure and amenities, to quantify the effects of urban planning policies on housing value.
Honeywell recently launched a suite of Occupant Experience apps to help owners and tenants in premium commercial buildings unlock the hybrid office space
Without the availability of accurate data, no business can succeed. Real estate markets require data to thrive the same way other industries thrive on the limitless amount of information available to them. The adoption of technological innovations in the real estate market has helped generate accurate data throughout the industry, and this information is being used to simplify the processes of buying, selling, leasing, and owning apartments.
MetaProp—the global venture capital firm focused on the PropTech industry—announced plans to accelerate its growth in APAC by appointing Satoshi Murakami as Region Director. Murakami joins the firm after spending the past four years as Director of Corporate Venture Capital group at Sumitomo Corporation, as well as holding various roles in its Real Estate Division, focused on commercial real estate development in the Asia Pacific region.
With interest rates rising and property becoming less unaffordable, more buyers should use tech to get a better property deal. Josh Callaghan, CEO and Co-founder of Little Hinges, Australia’s largest virtual tours platform, says tech gives buyers leverage when placing an offer, because it gives them access to more information, and helps them feel more confident.