Real estate marketplace Homely.com.au and home-sharing platform The Room Xchange have announced a strategic partnership designed to help people secure more affordable housing.
In their complementary areas of expertise, both Homely.com.au and The Room Xchange have developed industry-leading solutions that are both innovative and cost-effective.
Homely Group recently announced a 20.5% increase in annual revenue based on its 2023 financial year topline results, while The Room Xchange won the Most Innovative Scaleup – Environment, Social & Sustainability Award at the 2023 Proptech Awards.
Homely Head of Industry David Webb said he was thrilled to be working with The Room Xchange team.
“They have already achieved so much by making house-sharing easier,” David said.
“It’s innovations like theirs that will make a big impact in the current climate and go a long way towards giving people greater options when it comes to finding an affordable place to live.”
The Room Xchange Founder and CEO Ludwina Dautovic was also enthusiastic about the potential of the businesses working together.
“This exciting partnership brings together two innovative proptech platforms with a shared mission to improve the way people find their ideal living arrangements,” Ludwina said.
“We are confident that our partnership will help deliver more value to our respective clients and grow the house-sharing community.”
Homely.com.au is one of Australia’s largest online real estate portals, featuring suburb reviews written by local real estate agents and discussion forums that enable Q&As with real residents.
The Room Xchange facilitates ideal matches in the home-sharing market with identity verification and proprietary tech-enabled algorithms that consider personality traits, values and lifestyle preferences. It has also pioneered the use of co-living agreements that enable flexible house-sharing arrangements including a rent offset option.