Mark Hollands

Property management has always been the steady engine of real estate. Sales rise and fall with the market, but the rent is due every week, the smoke alarms need checking every year and the lift in a 200-lot building still has to work on a Sunday. That steadiness is why the Property Management & Strata map is one of the largest on the Proptech Map with 59 companies, and it’s why it attracts some of the sector's most ambitious builders.

Buying off the plan has always asked for a leap of faith. A buyer signs today, hands over a deposit that, as The Urban Developer noted this month, can run to $100,000 or more held in trust for two years or longer, and waits for a home that does not yet exist.

Building and Construction companies are tackling arguably the most expensive and wasteful issue that faces the property industry – the reality gap between a home that's been approved and a home that is built. In this year’s Proptech Map, the association has found 23 proptechs who are working diligently to help combat and resolve time challenges and building waste issues that inflate the cost of building.