Smart Cities Require Smart Transactions
On 2 June 2016 Vendorable’s co-founder Harry Lehmann spoke on a panel for the UNSW Smart Cities Research Cluster’s Smart Cities and Urban Innovation Symposium as part of the Vivid Sydney festival with five other start-up company CEOs and Directors from the thriving Australian property technology community.
Australia has an affinity with property. Children from a young age learn about real estate from their parents and the benefits of home ownership and investing. It’s a cultural phenomenon, which is why in this country, property technology companies are at the cutting edge of new business models and innovation for the real estate sector.
The panel was chaired by the Australian Financial Review’s Su-Lin Tan. Su-Lin did a masterful job of teasing out the new ways the companies, as represented on the panel, are doing business. The panel discussed the issues their companies face in relation to regulation and growth in their respective missions to make cities smarter through digital technology that affects cultural change.
Smart transactions leverage technology to create new ways for consumers and enterprise to obtain goods and services and conduct their businesses and lives. Companies represented on the panel were:
Scann3d: Scann3d (soon to be rebranded as Phoria) allows you to tour any space they have scanned in three dimensions (similar to Google’s Street View) or visualise a yet to be built apartment. This technology can make home inspections for prospective buyers more efficient and assist real estate agents with marketing a property.
ineni Realtime: ineni helps us make sense of building and construction through three dimensional rendering in a virtual environment. Traditional architectural, building and construction services can be enhanced through, for example, visualising progressive stages of construction.
Divvy parking: Divvy applies the principles of the sharing economy to car spaces. By creating a fluid market for car spaces that connects to your mobile device the problem of driving around looking for a place to park in the city has been solved.
BrickX: BrickX divides investment properties into chunks so that you can own a slice of hopefully high growth and high yield properties in otherwise inaccessible markets (on a parcel-by-parcel basis). They create a secondary market so that you can easily trade in and out of your ‘Bricks’.
SpaceConnect: SpaceConnect automates resource allocation in activity based work environments with the goal of maximum utilisation of space. They are solving the problem of dead space. Meeting rooms sitting empty could well be a thing of the past.
Vendorable: we’re changing the way you find, contract with and are serviced by real estate agents. We’re building a network of enterprise property sellers and agents who service them. Consumers are invited to experience a smarter way to sell real estate too. We use a combination of market forces and data analysis to inform decision making in the real estate services sector.
