How will the economy affect proptech?

How will the economy affect proptech?

Rising interest rates and cost of living, wage pressure and unaffordable housing are creating a perfect storm in the property market. 

Proptech Association Australia founder and president Kylie Davis said the big question for the proptech industry was, would the economic impact create more business or less?

“There are two trains of thought happening currently – that in a downturn, real estate and property businesses need to embrace the efficiency and innovation offered by proptech more than ever before and are likely to keep spending on technology,” Kylie said.

“On the other hand, money is often tight and there is a flight to safety which means there could be a bigger impact on startups than at the established end of proptech. It also means smaller proptechs are likely to be looking for merger and acquisition opportunities.”

Two of the country’s leading property economists will take a deep dive into the topic, including examining ways proptechs can prepare for market headwinds, at the inaugural Proptech Forum in Sydney on October 13.

Eliza Owen, CoreLogic’s Head of Residential Research Australia, and Eleanor Creagh, Senior Economist at Proptrack, will answer some of the big questions around the economic impacts on our industry.

Eliza and Eleanor will be just two of the speakers to appear at this jam-packed day of big ideas and robust debate around topics including big data, cyber security, environment & sustainability, property valuations, property management and marketing.

Exploring the theme, Disrupting the Disruptors, we’ll be examining the technology, market trends and issues on the horizon that are impacting how we conceive, develop, promote and scale proptech solutions.

Bring your team and join us for a day of insights, problem-solving, new perspectives and connection.

Thursday October 13
NSW Teachers Federation Conference Centre,
37 Reservoir St, 
Surry Hills, (Sydney)
8.30am to 5pm. 
Tickets are priced from $245 to $395.