What problems does this innovation hope to fix?
Only 20 per cent of Australians own an investment property and only 4 per cent own two or more investment properties. The reason is that they do not know how to optimise their property wealth creation, don’t know where to buy, which partners to take, and how to optimise their finance.
Many Australians get lured by non-professional players pushing non-attractive investments, which prevent Australians from buying more properties later on.
Q. How does it overcome these issues?
PropHero uses proprietary data and AI models to:
1) Find the most attractive investment opportunities countrywide (we analyse over 18,000 properties per year and we find the top 3 per cent).
2) Accompany our clients in the long term to tell them what to do next at each stage of their investment journey.
PropHero has already helped over 1,400 investors. We achieved on average 11 per cent capital growth per year, with yields ranging from 4.5–8.0 per cent depending on the investment strategy chosen.
Q. How do brokers access it?
Brokers can partner for free with PropHero to:
1) Increase their conversion rate on pre-approvals (90 per cent of PropHero clients buy a property within six weeks).
2) Help their clients buy better investment properties (PropHero consistently outperforms the market in terms of capital growth and rental yields).
3) Get their clients to buy more properties (PropHero clients buy on average one property every 13 months).
4) Give their clients an exceptional experience (4.8/5 Google/Trustpilot rating).
Q. What do you hope it will achieve?
The 1,400 property investors who have invested with PropHero have enjoyed:
1) Higher capital growth (11 per cent per year on average).
2) Higher rental yields (4.5–8.0 per cent depending on the cash flow strategy).
3) Market-leading customer experience (4.8/5 Google/Trustpilot reviews).
4) Faster portfolio build (PropHero clients buy on average one property every 13 months, leveraging the capital growth realised after each investment.
Q. What are its key functions?
The mobile app allows you to:
1) Review the properties selected for you, including advanced due diligence (flood/bushfire/noise/climate/suburb risks), interactive cash flow and wealth simulations, comparables, etc.
2) Manage the purchase process 100 per cent digitally via our Smart Checklist.
3) Connect all the properties they own globally and track wealth creation and cash flows.
Proprietary data and AI models allow you to:
1) Scan the entire market and identify the top 3 per cent of opportunities.
2) Automated property due diligence to minimise investment risk.
3) Smart property-investor matching algorithm to ensure you get the property that is right for you.
Q. Why is innovation in this space important?
Only 4 per cent of Australians own two or more properties. Their challenge is that investing in property is complex and time-consuming; it is hard to know what to buy, where, and when. The industry needs a shakedown to embrace the new AI revolution to maximise its portfolio creation and simplify the entire investment journey, from initial wealth planning to finding the best investments, buying them, and managing your entire property portfolio.
