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Technology to create better-informed investment decisions

investor-stories
1 minute read

Technology to create better-informed investment decisions

by Emma Ryan 04 March 2020 1 minute read

Utilising technology to combine financial and property information will result in greater outcomes for investors going forward, according to an industry expert.

investor using technology
March 04, 2020

Speaking to Smart Property Investment as part of its proptech special, Managed co-founder and director Nick Bouris sounded off on trends investors should be looking out for when it comes to proptech.

“Look forward to technology that better informs investment decisions, automates process and augments the conversations you have with industry professionals,” Mr Bouris advised.

“Also, expect a greater connection between the professional services that are adjacent to each other.”

One example Mr Bouris said he thinks the market will see is “greater portability of financial information and connection to property information”.

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“We’ll see property management and sales applications feeding property finance. You won’t need to provide a mortgage broker with tonnes of paper documents; a living credit profile against you and your portfolio will be accessible by lenders.

“They’ll know exactly what kind of income you generate from job and portfolio, they’ll know exactly what kind of equity you have in your portfolio based on repayments and market valuations being generated by listing portals, and they’ll know your credit score from APIs of all the big credit agencies.”

These trends are set to alter the nature of both investing and expanding one’s property portfolio, Mr Bouris noted.

“It will make expanding an existing portfolio much easier — as that property or properties will be alive in the sense that lenders will have a three-dimensional look at whether or not they can finance your next purchase,” he explained.

See more of our proptech coverage here:

Technology to create better-informed investment decisions
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About the author

Emma Ryan

Emma Ryan

Emma Ryan is the deputy head of content 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: [email protected]Read more

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