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Two proptech platforms have joined forces in a bid to ease Australia’s affordability constraints for home owners and renters alike.
Homely and The Room Xchange have unveiled a new strategic partnership.
While Homely is best known for its online real estate portal, which includes suburb reviews and discussion forums, The Room Xchange has burst onto the scene in the home-share market, facilitating ideal matches through identity verification and proprietary tech-enabled algorithms which can consider factors such as personality traits, values and lifestyle preferences.
The Room Xchange also offers co-living agreements that enable flexible house-sharing arrangements, including a rent offset option.
In a nutshell, the partnership will see Homely bring its digital smarts to help people find the right location and dwelling.
The Room Xchange then brings its algorithms to the table to find the right verified housemate into the property, with one of The Room Xchange’s key features being its ability to verify the identity of both home owners and renters.
Lauding the work being done by The Room Xchange, Homely head of industry, David Webb, 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.”
Continuing, he stated: “We are thrilled to be working with The Room Xchange team. They have already achieved so much by making house-sharing easier.”
For Ludwina Dautovic, founder and CEO at The Room Xchange, such an exciting partnership “brings together two innovative proptech platforms with a shared mission to improve the way people find their ideal living arrangements”.
She expressed her confidence that the new partnership “will help deliver more value to our respective clients and grow the house-sharing community”.
The Room Xchange reports that the typical home owner who lists a spare bedroom through the service can benefit from finding a verified housemate and approximately an extra $10,000 to $12,000 in rent.
That amount “can help to alleviate higher mortgage and energy costs”, and in many cases incentivises participation in the home-share sector.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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