Property data and analytics provider, CoreLogic, has partnered with Macquarie Business Banking to launch a new software joint venture to enhance productivity in the property sector.
The venture, known as PropertyIQ, will deliver three software solutions with the aim of enabling the real estate and strata industries to improve business efficiency by allowing professionals to make better real time decisions.
The solutions range from CRM and database services, property management, trust accounting, and strata management.
"PropertyIQ CEO, Dawie Verryne said the project is a response to demand from real estate agents and strata managers who have expressed a need for a technology solution that brings together all aspects of their business with integrated software, data and banking.
“Members of the property industry are often challenged by dealing with a number of systems to manage their businesses and the needs of customers.
PropertyIQ brings together all of the systems they require into one package, integrating banking and data, and filling the gap between the industry’s software, banking and data needs,” Mr Verryne said.
Graham Mirabito, CoreLogic CEO, said the two firms saw significant benefit in launching the new business due to their experience and specialisation in the property services segment.
“In Australia, we have over 60,000 real estate industry end users logging into our system 30,000 times each day,” said Mr Mirabito.
“By deeply integrating our services with PropertyIQ we are able to deliver an end-to-end view of real estate sales and rental portfolios with actionable insights for growth opportunities.
“Additionally, strata managers will be enabled with new business insights and efficiencies from our data and analytics,” Mr Mirabito said.