PropTech is revolutionsing the real estate industry one idea at a time.
In WA, the PropTech sector is just starting to make waves, however PropTech Hub WA General Manager, Cullum Ashton, said there are some stand out PropTech startups that we should be keeping an eye on as the ‘next big thing’.
“I am proud of the four WA born PropTechs that have all presented across the range of PropTech Hub WA events in 2021. They are uDrew, Realtime Conveyancer, Phaeton and Procuracon,” Mr Ashton said.
“The business models that they have successfully implemented to assist in real estate and construction is very impressive, and I am excited to see their businesses grow in 2022.”
UDrew is a tool for homeowners and builders to create their own fully customisable, interactive, compliant building plans. They are the world's first building technology platform that makes designing, planning and building your own projects faster and more affordable.
“Seeing their technology grow into consumers using it to make additions and renovations to their property is extremely exciting,” Mr Ashton said.
2. Realtime Conveyancer
This is an exciting product recently launched on the market streamlining the conveyancing process from contract to keys.
“I believe this is one to watch as the mammoth PEXA has built into a billion-dollar company, so does Realtime Conveyancer have that capability,” Mr Ashton said.
Phaeton Real Estate is a future-ready Blockchain solution using blockchain, remote data centres and renewable technology to impact the real estate sector, something only a handful of organisations across Australia are attempting.
“The response to their technology across the world has been very impressive, especially by academia,” Mr Ashton said.
“When they said, ‘our block chain tokens are backed by property assets’ everyone sat up in their chairs and took notice. It's going to be great to see where they go over the next five years.”
Learn more about Phaeton
Procuracon is a ConstructionTech start up, created by professionals who identified a critical need to revolutionise the construction marketplace. They have created a smart platform for suppliers to engage in the tendering platform and procurement staff to easily go through submissions.
“Procuracon has had no difficulty in securing big name trials and investment offers on a weekly basis and how they build their business and technology has been very impressive to watch from the outside,” Mr Ashton said.
For more information, visit the PropTech Hub WA website.
Or, read ‘PropTech: What is it and how its making waves in real estate.’
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