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REIWA backs proptech investment

By Emma Ryan
09 October 2020 | 11 minute read
Neville Pozzi reb

The Real Estate Institute of Western Australia (REIWA) has shown its support for innovation within the industry, becoming the latest sponsor of the Proptech Association of Australia. 

The REIWA has confirmed it has signed on as a foundation sponsor of the association, which kicked off in February this year as a means to bolster technological innovation in Australia’s real estate industry. 

“REIWA has always been at the forefront of adopting new technology where we see there is real value for buyers, sellers or agents,” REIWA chief executive Neville Pozzi said, noting that the real estate body is also home to several proptechs, including VaultRE, ServTech, Openn, Mortgage Mates, Real Time Conveyancer and Fastbricks Robotics.

“It’s why we have the leading consumer real estate site in the state with reiwa.com.au. But with so much technology now out there and the pace of it rolling out accelerating so quickly, it’s great to be partnering with the Proptech Association to keep abreast of what’s happening next, and the trends that will change the game again.”

Commenting on the REIWA coming on board as a foundation sponsor, founder and president of the Proptech Association Kylie Davis said: “It’s been great to see an institute with the heritage of REIWA embrace the association. It’s a great example of how the traditional and the new can work together to build the future of real estate.”

Ms Davis noted the not-for-profit industry body had been established to help real estate agents and the property industry understand the technology landscape and feel more confident about adopting and investing in innovation.

“The association is a community of bold-thinking innovators who are keen to share their knowledge through collaboration and education,” she explained.

“We believe that an informed and transparent market benefits everyone. For proptechs, we provide a central space where they can find out about programs and initiatives that can support their growth. For agents, developers and the construction industry, we provide an overview of what’s happening in the market, the trends driving the changes, and strategies to make adoption easier and feel less risky.”

The move by the REIWA follows fintech accelerator Stone & Chalk also signing on as a sponsor, with more expected to follow suit soon.

REIWA backs proptech investment
Neville Pozzi reb
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Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of editorial at Momentum Media.

Emma has worked for Momentum Media since 2015, and has since been responsible for breaking some of the biggest stories in corporate Australia, including across the legal, mortgages, real estate and wealth industries. In addition, Emma has launched several additional sub-brands and events, driven by a passion to deliver quality and timely content to audiences through multiple platforms.

Email Emma on: Emma.Ryan@momentummedia.com.au

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