The Proptech industry is booming, both locally and globally, with new innovations emerging rapidly. In Australia, the proptech industry grew from 381 companies in 2021 to 478 proptech products and companies in 2023, producing 1.4 billion of direct economic output.
In our recent panel, our panelists shared their expertise on the latest advancements in proptech and discussed their implications for investors, valuers, and the broader real estate industry.
" Do I believe AI will replace service agents like property and asset maintenance managers? Not at all. However, I am convinced those who embrace AI will outshine those who don’t. "