Will artificial intelligence determine the future of real estate?

New disruptive technologies such as Blockchain and artificial intelligence are changing the game.

They have the potential to revolutionize the Australian real estate market, creating new opportunities for investors, tenants, real estate professionals and governments – but what are the risks?

Professor Christopher Pettit, the first Chair of Urban Science at the University of New South Wales, recently undertook a study on behalf of the Australian Housing and Urban Research Institute (AHURI). The study closely and critically examined the technological disruptions in our housing market and revealed new perspectives and forward-looking forecasts.

"An interesting opportunity that we identified was the opportunity for developers to use blockchain technology to attract micro-investors – who are not just from the same country, but who could potentially come from around the world – who would each own small parcels of shares (or tokens). ) in development. In essence, it creates a means of crowdfunding for real estate development, "he said.

"The main difference between this new investment model and the existing real estate investment trusts is that the blockchain property gives micro-investors total control over what they buy with real-time information, without having to pay the high fees that a portfolio manager may charge. manage a similar investment. "

Beyond the "buzz of the blockchain", the growing capabilities of artificial intelligence are also causing upheavals in the housing market, he said.

"Machine learning algorithms, which learn by analyzing large sets of data, make it possible to" understand "data (based on legislation or policy documents). This information can then be exploited, "he explains.

To learn more about the future of real estate and its impact on the AI ​​and the blockchain, read the full article, read the feature article of the & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; & nbsp; February 2019 edition of Your Investment Property. On sale at Coles news agencies and supermarkets from January 10th to February 14th or download the magazine now.

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