Sydney-based startup Downsizer has raised $3.75 million seed capital to accelerate the growth of its SaaS platform operating at the intersections of fintech, proptech and insurtech. The round was led by Correlation Australia Holdings (CAH) – which made a significant strategic investment – and was followed by existing shareholders, including family offices and high-net-worth individuals. CAH is affiliated with Lombard insurance group (LIG) and focuses on building profitable in

Sydney proptech Coposit has cracked the deposit-saving barrier with its pilot project after buyers used the platform to secure apartments in the new $56 million The George project by Civic Properties. The platform delivered the overwhelming majority of sales for The George, with 78% of buyers electing to purchase using the Coposit process, rather than a traditional 10% deposit upfront. Some 70% of The George Coposit users were first-home buyers who combined the platform with

Proptech Rental Heroes has worked with independently owned real estate agency, Little Real Estate, to implement AI technology called “Alex” across their 12 offices. Rental Heroes co-founder Ben Burton said Little Real Estate was committed to investing in tools that improved outcomes. “Little Real Estate understands the importance of tech-led solutions to ease the administrative burden on internal staff and improve the level of service provided to landlords and tenants,” Mr

Australian integrated property developer Aqualand has set a new benchmark in property marketing thanks to its collaboration with proptech DisplaySweet. The showroom in Aqualand’s latest project, the $1 billion mixed-use development AURA in North Sydney, features a number of Australian-first software solutions. DisplaySweet’s technology allows buyers to have a fully immersive experience using elements such as a 36sqm DS-Immersion Room with floor-to-ceiling projections. Cinemat

Families will be able to buy a home in Queensland with a deposit of just $10,000 thanks to a new partnership between property-buying platform Coposit and builder Catapult Homes. Catapult is the first to offer a house-and-land package in the state using the Australian proptech which is disrupting the off-the-plan property industry. Coposit CEO Chris Ferris said that being able to offer Queensland property buyers house and land for as little as a $10,000 deposit was “quite the

Sharehouse iOS app is now available in the app store. Sharehouse, an Australian proptech platform to help find flatmates, has launched a dedicated iOS app, bringing all the functionality of the website right into mobile format.  The iOS app offers an intuitive, user-friendly interface with all of the Sharehouse website functionality, allowing users to effortlessly search for flatmates, connect with potential matches, and manage their listings on the go. The app is now live.  

Facilio , an AI-driven SaaS property operations platform provider with a global customer base, announced its expansion into the ANZ region in response to high demand for its smart building solutions. The company’s ANZ operations will be led by Facilio’s new Regional Director Mickael Dominguez. Before joining Facilio, Mickael was a Director at Deloitte Digital where he was leading the firm’s Digital Real Estate practice. Mickael has over a decade of experience developing and e

Sensor Global – a start-up specialising in residential “internet of things” (IoT) technology – has successfully closed its seed funding round with $2.65 million.  A who’s-who of well-known property business investors including Shane Oswin, David Lynas and David Welsh supported the seed round together with Causeway Equities LLC and Second Century Ventures, the VC arm of the National Association of Realtors in the USA, through its REACH Australia accelerator.  The startup is he

Homely Group has announced its 2023 financial year top-line results, reporting a 20.5% increase in annual revenue.  Other significant FY23 highlights include a 29.3% rise in direct enquiries on property listings, 51.2% jump in indirect enquiries and a 39.2% increase in engaged consumer subscribers across all platforms. Co-founder and co-CEO Jason Spencer said that while the real estate industry had continued to grapple with uncertainties, Homely had once again proven its abil

Real estate marketplace Homely.com.au and home-sharing platform The Room Xchange have announced a strategic partnership designed to help people secure more affordable housing. In their complementary areas of expertise, both Homely.com.au and The Room Xchange have developed industry-leading solutions that are both innovative and cost-effective.  Homely Group recently announced a 20.5% increase in annual revenue based on its 2023 financial year topline results, while The Room

PEXA Group Limited has acquired a 100% stake in Australian environmental risk data analytics company, Land Insight. The acquisition comes at a time when governments and industry require important benchmarks to solve issues such as increased housing supply and the impact of climate change. Land Insight is a Sydney-based start-up that quantifies and evaluates natural hazards, pollution and ground hazards, helping governments and organisations such as banks and financial institu

Young businessman siting in front of computer monitor and analyzing online financial statistics Australian data consultancy Data Army has launched a specialised industry educational hub, The Proptech Cloud, as it strives to foster a data-driven community and empower businesses working with proptech data. Its aim is to share industry knowledge and expertise to improve problem solving, enhance collaboration and support the community to develop innovative solutions to complex pr

Altus Group Limited has signed a definitive agreement to acquire APAC commercial real estate valuation software provider, Forbury Property Valuation Solutions Limited. The deal marks a significant investment for Altus into both the Australia-New Zealand market and the wider Asia Pacific region. Headquartered in New Zealand, Forbury provides tailored valuation tools for the APAC market, especially Australia. Altus is a leading provider of CRE asset and fund intelligence and Fo

Former PEXA C-suite executive John Zak has joined proptech scaleup LARKI to help fix planning bottlenecks using digital collaboration. LARKI, which is focused on 3D and AI technology for architectural design and planning permit assessments, appointed Mr Zak to the newly created role of chief business development officer. He will also serve as an executive director on LARKI’s board. Company founder and CEO Simon Cookes said that Mr Zak had spent more than 30 years working in I

A new generative artificial intelligence platform, which can converse with clients in 14 languages, is set to go live this month with more than 60 real estate brands already on board. Created by Australian proptech Propic, the platform dubbed “Claire” is fully autonomous and powered by proprietary pre-trained models designed for real estate and combined with large language capability.  Backed by View Media Group, Propic’s technology was designed to redefine consumer and agent

Australian end-to-end moving platform Happly has officially launched with a seed funding round of $1.75 million.  Founded by Sydney-based global entrepreneur Andrew Weinman, Happly leverages the latest technology to partner with best-in-class moving service providers including removalists, cleaners and packing specialists. It also takes care of other cumbersome moving tasks such as updating drivers’ licences and postal addresses.  The free-to-use platform allows users to sele

Proptech Association Australia is delighted to announce the finalists in the 2023 Proptech Awards, the only nationally coordinated awards for Australia’s booming property technology sector.     “We received 153 entries in total, a 23% increase on last year, and today we are announcing the finalists across 26 awards,” said Kylie Davis, Founder & President of Proptech Association Australia. “There will be 5 additional ‘best of the best’ winners revealed at our awards ceremony i

An Annual General Meeting of the Proptech Association of Australia will be held as detailed below: Date of Meeting: Wednesday, 27 November 2024 Time of Meeting: 4:00 pm Location of Meeting: Virtual via Zoom The business to be conducted at the Annual General Meeting is in the meeting’s agenda attached to this Notice. Those wishing to nominate for a board position need to email the Secretary by 16 November 2024 – email accounts@proptechassociation.com.au with the full name

Facilio – a new member of Proptech Association Australia – has won the 2021 Best Practices Product Leadership award presented by global technology research firm Frost & Sullivan. The software company’s strong business growth in the past 18 months, together with its innovation in the property operations space, were critical factors in the win. Software capable of managing multiple buildings while covering essential processes and automated systems was a “huge differentiator” fr

Can you tell us a little about your career background and current role? Well, I’m old so won’t bore you with all the details – but started with a great 10yrs in the military and then into Telco/IT which allowed me to live/work in the Middle East, Asia and Europe. Back to Oz as the kids got older and through good luck I managed to bump into Michael Malone and iiNet – I was there until we sold the business in 2015 to TPG. That’s when I joined Rent.com.au , so a little over 5yrs