Proptech Software: 3 Key Players to Watch

As you already must know by now, Proptech software is shaking up the entire property and construction industry at a rapid speed. Proptech has been around for over 20 years now. However, until recently, new trailblazers in the field have shown the potential to become real game-changers.

Australia is home to a plethora of entrepreneurs and startups providing new solutions and shaking up the traditional property industry. With this informative guide provided by PiPr, discover some of the most progressive and innovative companies in the field.

In that case, here are 3 of some of Australia’s very own proptech software businesses worth keeping an eye on.

Brickfloor – Guaranteed Market Evaluation

Brickfloor Homepage

The Need and Solution:

The real estate property market is an extraordinarily harsh and high-stakes environment. Traditionally, consumers have relied on banks to value their houses. Simply put, the bank wants to make sure that they’re not lending the consumer more than the property is worth. The last thing they want to happen is that the purchaser can’t pay their mortgage, and then the property doesn’t sell for enough to repay the loan. This is where Brickfloor comes in, attempting to assist consumers with providing a truth between a bank and market valuation.

The Business:

Brickfloor is an innovative Australian company with a passion for eliminating home sale uncertainty. Basically, giving Aussies a better way to sell. And what better way to do that than provide an almost guaranteed home evaluation? It works in 5 simple steps designed for the average homeowner looking to sell.

  1. Preliminary home information is given to Brickfloor by the potential seller. They then provide you with an independent assessment of the property’s value, detailed with a range of possible market values, where potential emotional or dream prices could land where possible low-ball offers will come in.
  2. Brickfloor then churns the data and come up with a Market Price Guarantee (MPG). Their MPG sets the listing range, becomes the consumer’s reserve, and offers their agent can leverage in negotiations with potential buyers to drive bids up.
  3. Brickfloor then completes its analysis with an in-person home visit.
  4. The consumer finds an agent and utilises the MPG and runs a sale campaign.
  5. The consumer, idealistically, sells to the highest bidder at MPG or even higher. If Brickfloors MPG is the highest bid, they’ll buy the home for that amount, and the consumer can choose a settlement date that suits.

 

Little Hinges – 3D Virtual Touring

Little Hinges Homepage

The Need and Solution:

Virtual reality (VR) has taken the world by storm over the past decade. Therefore, this recent infant technology has allowed businesses to give customers a glimpse into their products or services. Most industries use virtual reality to a certain extent. Little Hinges has utilised the current environment COVID has created to leverage the need and usage for 3D house touring. They are turning the project into a massive venture.

The Business:

Brisbane startup Little Hinges, launched in April 2020. Primarily in the VR and Proptech space, they create immersive and engaging virtual property tours, effectively rendering physical inspections obsolete. While virtual tours aren’t a new concept, the team says they have traditionally been more of a novelty than a serious tool in the sales funnel for realtors.

Little Hinges have established a national 3D mapping network. The first in Australia, starting in Brisbane and working their way around the nation. They’ve subsequently received backing and support from the PropTech Bridging Initiative. This initiative is a newly established program overseen by the Brisbane Economic Development Agency that helps local Proptech software companies to become financially and operatively secure, scale and establish strategic partnerships.

Little Hinges are now, by far, Australia largest 3D virtual tour provider and is continuing to show promising signs for all those in the property industry.

PiPr – Property Portal for Builders and Developers

Proptech Software: PiPr

The Need and Solution:

Spreadsheets are the bane of most property developers and builders’ existence. They are used to manage stock, sales and more! This stagnates productivity and hinders a company’s ability to get out there and make more sales and grow. Enter PiPr, an all-in-one property portal that consolidates and manages any property developer or builders’ stock, sales and even marketing. PiPr’s solution is to win back the everyday property developer or builders time to focus on selling more houses and land or spending time with their loved ones.

The Business:

With over 8 billion dollars in revenue generated for clients, PiPr has assisted multiple companies in providing faster turnover, reduced selling costs and a constantly up-to-date system that keeps up with the everchanging property industry. In other words, what PiPr essentially does is allow businesses to scale their sales. The advent of cloud technologies and the maturing of the market for these services has seen PiPr evolve into the exciting software as a service (SaaS) business it is today. Developers and builders only need to pay if the system is working for them.

Australia is becoming an innovation centre for the Proptech space. Subsequently, the business owners behind this proptech software will play an important role as this trend evolves. Challenging traditional thinking while implementing new business models and technologies is the key to success in today’s property world— And we believe these businesses are doing just that.

Still interested in PiPr? Below has more information about how the PiPr system can help you scale your sales.

Visit our Portal Solution page for more information regarding the specific implementations of PiPr and its effectiveness.

For an in-depth overview and rundown, visit our demo page and watch our founder, Rich Evans, take you through the PiPr Journey in detail.