The Proptech Summit held at the start of this month offered a deeper insight into how the burgeoning sector is changing the real estate industry.
With opportunities within PropTech increasingly becoming available for our candidates due to our client networks, I was interested to get into this year’s PropTech Summit (held 3rd and 4th September) to keep firmly abreast of current and emerging tech in light of the rapid pace of change and disruption occurring in our industry.
Only commencing last year (2018), the key themes of the Summit this year were:
Whilst no one data analysis company can agree on exact figures, they concur that there is exponential growth and anywhere from $3.35 billion to $14.85 billion that was invested in PropTech in 2018 across circa 898 transactions (fairly large discrepancy in numbers).
One local group who assesses new Tech has looked at over 430 PropTech businesses just in Australia and commented that excitingly 80% of those are in residential. Most have a goal of supporting personnel or creating efficiencies.
Across founders of those businesses, only 9 per cent were female highlighting a large gap.
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