PROPTECH is playing an increasingly important role in helping the valuation industry obtain accurate property data during COVID-19. The Australian Property Institute (API) has partnered with Valocity Global to launch the API Property Exchange (APIX).
APIX is exclusively for use by API Members and delivers an innovative, fully digital, and secure, property research tool. It allows valuers to seamlessly access everything they need to know about a property from a single source, with minimum clicks.
API CEO Amelia Hodge said APIX will help valuers streamline the process of writing a valuation report.
“We are passionate about innovation and this steering committee is one example of how we work with our Members to deliver services which meet their needs and make it easier to do their jobs,”
“APIX will allow API Members to streamline the process of writing a valuation report, omitting the need to manually gather relevant data on comparable properties from multiple sources,” Hodge said.
APIX delivers key efficiencies for valuers by providing data for all property types including residential, commercial, rural and specialised assets, in a secure, bank-grade platform.
Built in collaboration with the valuation industry, APIX leverages advanced comparable search functionality which provides immediate comparable sales, listings and properties on the market for rent. All the relevant property data is provided intuitively, including access to the latest sales and rental history, zoning details, legal information and land valuations.
APIX also includes data on development applications.
Valocity Country Head – Australia Mark Nassif said APIX is a property valuer focused, digital research tool that is designed using the latest technology available.
“The tool has been customised to support the requirements of an Australian property valuer needing to undertake high quality property research and reports,” Nassif said.
“Since launching to transform the property valuation industry over six years ago, Valocity has been recognised globally for its extensive and ongoing delivery of innovation. Likewise, development of APIX will be an ongoing journey, with continued innovation and the opportunity for collaboration for valuers to shape the journey.
“The API and Valocity are forming a steering committee of API Members to continue to enhance this solution over time,” he added.
Valocity founder and global CEO Carmen Vicelich said the secret to innovation is collaboration.
“We are proud to continue to work with our ecosystem to help API Members leverage the best data and technology in a transparent way that creates value for all,” Vicelich said.
Proptech is playing an increasingly important role in helping the valuation industry to adapt to the new normal during COVID-19.
To enable continuity in a COVID-19 world, Valocity released the Valocity Connect App, allowing valuers to complete remote inspections while still delivering on best practice.
The first of its kind, the Valocity Connect cloud-based App allows the property occupier to seamlessly share photos in a configurable template with the valuer. Images are time stamped, geotagged and stored in a bank secure environment, supporting lenders with best practice and all the while enabling crucial business continuity. Valocity Connect can be used to effectively work within the API’s industry-recognised virtual valuation protocols. The digital remote valuation tool is available to API Members in conjunction with APIX.
The proptech industry is growing at a rapid rate, with The Proptech Association of Australia stating there more than 480 proptech businesses in Australia today. These companies are supporting a real estate market worth $7.8 trillion and playing an integral role in transforming the property industry and valuation sector.
APIX comes with flexible pricing structures to support your particular valuation needs. To find out more about APIX or how to start your 7-day trial, please email: firstname.lastname@example.org or visit https://valocityglobal.com/apix
Sponsored content by the Australian Property Institute and Valocity