{"id":140,"date":"2023-04-12T02:31:47","date_gmt":"2023-04-12T02:31:47","guid":{"rendered":"https:\/\/www.yardi.com.au\/?p=303367"},"modified":"2026-08-06T04:23:10","modified_gmt":"2026-08-06T11:23:10","slug":"property-technology-is-sustainabilitys-secret-weapon","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/apac\/property-technology-is-sustainabilitys-secret-weapon\/","title":{"rendered":"Property Technology Is Sustainability\u2019s Secret Weapon"},"content":{"rendered":"\n

The third annual Yardi \/ Property Council of Australia<\/a> Proptech Report was conducted in November 2022 to unpack attitudes and trends influencing property technology or proptech.<\/p>\n\n\n\n

The survey tracks the attitudes and practices<\/a> of investors, developers and consultancies and provides insights into proptech adoption. In 2022, 45% of respondents developed or invested in real estate as a core business activity, compared with 50% in 2021.<\/p>\n\n\n\n

Private equity and fund managers formed a larger proportion of respondents than in previous years. The survey of 226 senior industry professionals \u2013 92% holding mid-level management positions or above \u2013 suggests the industry is deploying proptech to drive down carbon emissions and improve the sustainability of portfolios.<\/p>\n\n\n\n

In fact, 71% of respondents think technology will play either a \u201cmajor\u201d or \u201csignificant\u201d role in helping real estate businesses meet their sustainability objectives and 35% of respondents think AI is the biggest impact technology ahead \u2013 up from 19% in just one year.<\/p>\n\n\n\n

\n
\n

\u201cThis survey captures industry attitudes at one moment in time,\u201d says Michael Zorbas, chief executive for Property Council.<\/p>\n\n\n\n

\u201cBut we now have three years of data that tracks a collective shift in mindset from the peak of the pandemic in 2020 to energy and economic challenges of 2022.<\/p>\n\n\n\n

\u201cWe are seeing a sizeable proportion of the industry embracing advanced technologies \u2013 like artificial intelligence and business process automation \u2013 because these technologies can help them to meet net zero and other sustainability goals at speed.\u201d<\/p>\n\n\n\n

The survey also indicates growing interest in artificial intelligence. More than a third (34%) of respondents nominated AI as the biggest impact technology ahead \u2013 up from 19% the previous year.<\/p>\n\n\n\n

Bernie Devine, senior regional director for Yardi Asia Pacific, says the rapid development and deployment of sophisticated AI solutions is forcing many companies to reconsider their technology strategies to make data aggregation easier.<\/p>\n<\/div>\n\n\n\n

\n
\"\"<\/figure>\n<\/div>\n<\/div>\n\n\n\n

\u201cA sizeable proportion of Australia\u2019s real estate industry is still operating from spreadsheets. You can\u2019t make sense of big data without first sorting out the small data,\u201d he says.<\/p>\n\n\n\n

\u201cThis survey gives property industry leaders a clear sense of where they sit on the tech adoption curve and understand the important trends. Most importantly, the survey supports the data-driven decision-making that can unearth new sources of value, and create great, sustainable places for people,\u201d Devine concludes.<\/p>\n\n\n\n

Download the 2023 Yardi\/Property Council of Australia Proptech Survey<\/a>.<\/p>\n\n\n\n

Watch the preview of survey<\/a> as well as a border discussion on proptech, on a panel consisted of Bernie Devine (Yardi), Alice Drew (Lendlease), Julian Kezelman (Taronga Group), Melissa Hardy (QIC) and Chris Wild (Property Council of Australia).<\/p>\n","protected":false},"excerpt":{"rendered":"

The third annual Yardi \/ Property Council of Australia Proptech Report was conducted in November 2022 to unpack attitudes and trends influencing property technology or proptech. The survey tracks the attitudes and practices of investors, developers and consultancies and provides insights into proptech adoption. In 2022, 45% of respondents developed or invested in real estate […]<\/p>\n","protected":false},"author":3092,"featured_media":341,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3728,3729],"tags":[],"class_list":["post-140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial","category-mixed-portfolios"],"acf":[],"yoast_head":"\nYardi Blog<\/title>\n<meta name=\"description\" content=\"The third annual Yardi \/ Property Council of Australia Proptech Report was conducted in November 2022 to unpack attitudes and trends influencing property\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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