OUTSOURCING – THE NEW NORMAL IN REAL ESTATE What is Outsourcing? Outsourcing is the term usually applied to “BPO” or Business Process Outsourcing, and generally means shifting a task or business process from an internal employee to a third party, either locally or offshore. Technology advancements and cloud-based systems have enabled a more versatile workforce…
The Growth of Real Estate Technology In Australia. After investigating nearly 200 real estate technology businesses over the last 18 months PieLAB Venture Partners, who manage the Real Estate Industry Venture Capital Fund, know more about the changing landscape of the real estate industry than any other organisation in the country. Here’s their view of…
Few organisations have looked at more Real Estate Software Products than PieLAB Venture Partners, here’s why we chose to back AcitvePipe. After reviewing approximately 150 real estate technology products over the last 12 months, the PieLAB Real Estate Industry Venture Capital Fund made just two investments with a third to be announced shortly. One of…
Is online direct home selling going to disrupt the Australian Real Estate Industry? There is a new group of startup companies using data analytics and operational efficiency to potentially disrupt the traditional real estate agent. They are sometimes referred to as iBuyers (instant buyers) and their business model is online direct home selling. In this…
Blockchain Continued We began our series on blockchain in December with a very brief explanation of blockchain and it’s foundations in crypto currency. In this article we will discuss the wider application of the technology in business by understanding how it can be applied to some specific use cases, including the transacting and managing of…
Would you place a $100,000 bet? Hundreds of real estate principals around Australia are doing just that – betting on businesses that are sometimes little more than great ideas. As a real estate principal running a successful business you’ve probably been presented with the opportunity to invest in the latest real estate technology business that…
Blockchain – What is it and what does it mean to the real estate industry? If you haven’t heard the terms ‘bitcoin’ or ‘cryptocurrency’ then I have solid fears about the health of your social life. It’s backyard BBQ season, Christmas parties and get togethers’ are in full swing and there isn’t a hotter topic.…
How To Avoid Disruption – Lessons the Real Estate Industry Can Learn From what the Taxi Industry Got Wrong! The benefit of hindsight is always useful when pointing out the errors of others, but additionally looking at everything the Australian Taxi Industry did wrong in the face of new competition from Uber is a great…
It’s no secret that the real estate industry has a rocky relationship with REA (the parent company of Realestate.com.au). While the industry is addicted to the reliable stream of buyer leads that REA sends them, the downside is that it costs more to market a property online in Australian than anywhere else on earth. While…
It’s All About the Data: Imagine as a sales agent if you could scroll through your database of 2000 contacts and pick the 100 people that you knew were going to sell over the next 6-8 months. Imagine if you could predict how many people would be bidding at your next auction, and what price…