Investing in Real Estate has long been one of the most lucrative ways to invest in Australia. Despite the real estate industry being a slow mover in the past, saturated with middlemen and regulatory systems, technology is now stepping in to make the real estate investment process more innovative and accessible.
Everything is digital
Whether you want to buy, sell or invest in real estate, you can now do any or all of the above online. Sites like realestate[.]com[.]au allow you to easily and simply search for real estate online and within minutes, homebuyers, real estate agents and investors can find out property details, information about locations and research the property market.
As 3D technology improves and becomes more accessible to businesses, buying and investing in property is becoming a virtual process. Instead of the traditional practice of viewing photographs of properties listed online, it is now becoming possible to "walk" through a space from the comfort of your own home via your phone, tablet or computer.
Technology and industry developments now mean that you are able to control a number of utilities within the home via technology. Functions, such as lighting, temperature and televisions can now be controlled through wireless devices such as phones and computers.
Technology has made some rapid advances in terms of online marketplaces for investors and borrowers. Real estate crowdfunding platforms (like us!) use modern technology to create access and transparency for real estate investing. Without the need for expensive banks and brokers, investors and developers now have the ability to connect online. This means investors can discover real estate investments that may otherwise have been unavailable to them, and developers can tap into capital resources outside their usual networks.
The future is very exciting for the fusion between technology and real estate. Growth in technology is only set to change the real estate industry even further, and we can't wait for the exciting years ahead.