Kylie Davis:

Welcome to the Proptech Podcast, season two. It's Kylie Davis here, and I'm delighted to be your host again as we explore the brave new world where technology, real estate, and property collide. I passionately believe we need to create and grow a sense of community between the innovators, agents, and property owners, and sharing our stories is a great way to do that. Now the aim of each episode is to introduce listeners to a proptech innovator who is pushing the boundaries of what's possible across how we design, build, buy, sell, rent, and invest in property and all the associated behaviour around that. And none of this would be possible without our sponsors, so I wanted to give a big shout out to Direct Connect, Dynamic Methods and Forms Live, and the Proptech Association of Australia. Thanks for your support which makes this podcast possible.

Kylie Davis:

Now my guest this week is Lisa Dowie, chief customer officer at PEXA, and one of the drivers behind PX Ventures. Lisa has been at PEXA since 2012, and it's fair to say that she's part of the team at PEXA that has been transforming the way property is transacted in Australia and around the globe. PEXA is an online exchange that keeps everyone in the picture as a property settlement progresses. And for anyone who has experienced the pain and frequently trauma of a traditional physical paper settlement, you might be surprised at how much easier the PEXA universe is making it for conveyancers, lawyers, banks, land registries, and yes, even buyers and sellers to settle a property these days, thanks to their technology and investment in the space. Now Lisa is passionate both about PEXA and innovation in the settlement area, and PEXA a big supporters of the proptech industry, hosting the Property X Awards each year, and also PX Ventures, a great initiative for the proptech startups and newbie entrepreneurs which we discuss in this podcast. So here to tell us all about it, lisa Dowie, welcome to the Proptech Podcast.

Lisa Dowie:

Thanks, Kylie. Great to be here with you.

Kylie Davis:

It's great to have you here. So tell me what is the PEXA elevator pitch?

Lisa Dowie:

I like to think about it, if you think of today's digitally enabled customer, we leverage technology for everything, from how we bank to how we shop, how we communicate with each other. The property settlement experience really should be no different, but up until a few years ago, it really was. So the pitch is PEXA is a world first, we're the first country to be able to successfully deliver our citizens the benefits of a fully digitised property settlement process. So basically what we've done is taken the old paper-based settlement process where banks and lawyers all would meet up in a settlement room, physically exchange documents and checks, and we've replaced that with a simple online system that simultaneously completes lodgement with the land registry and settlement of funds.

Kylie Davis:

Awesome. Okay. Because I do have memories of about, I don't know, 15, 20 years ago, running through a rainstorm... Literally one of those Sydney rainstorms that was tipping water at you and coming to a settlement absolutely drenched to hand over the bank check.

Lisa Dowie:

Lots of horror stories about the paper settlement days. I've heard many.

Kylie Davis:

So settlement, isn't something you really think about, though, as a buyer or seller until you're kind of through all the other hurdles that you've got to... Putting the property on the market or finding the property and then going through to through it. How big is the settlement transaction market, and why is it so important to digitise it?

Lisa Dowie:

Yeah, well you think about it. So firstly, PEXA was conceived and established more than a decade ago to really start phasing out this inefficient paper-based settlement process that you just mentioned, one of those inefficiencies. And when you think about it, property is Australia's largest asset class, and it was actually one of the last ones to really embrace technology. The residential property alone is valued at 8.2 trillion. Only just recently this year has surpassed that $8 trillion mark. And when you think about it, there's like 10.6 million dwellings in Australia, housing a population, of course, about 25 million people. And each year within the property market, there's 400,000 properties that are transferred and more than 200,000 properties that are refinanced.

Lisa Dowie:

And at PEXA, we also transact commercial properties and large-scale developments, and it's not just the traditional buying of selling a property that we deal with at PEXA. As I said, it's refinances, it's things like caveats, people put a caveat on a title so that title can't be transacted. Think of all the different reasons that there's changes in ownership structure, so often things around marriages, deaths, divorce, et cetera. So there's a myriad of different sort of transactions that really occur across that property transaction network.

Kylie Davis:

So there's about 400,000 residential transactions. That sounds roughly right to me. And then there's around 200,000...

Lisa Dowie:

Refinances

Kylie Davis:

In financing. So each of those often has two people as part of the transaction, the buyer and the seller. So that's what, over a million, 1.2 million people that are being impacted by or needing to use this system.

Lisa Dowie:

Yeah, absolutely. More than a million Australian buyers, sellers, people doing refinances. Yeah, absolutely. So it's huge.

Kylie Davis:

So who are the customers of PEXA? Are they the conveyancers and the banks or is it me as a home purchaser?

Lisa Dowie:

It's a bit of both. So to give you a bit of the sort of landscape of PEXA that we deal with. Our direct customers, the lawyers and conveyancers and settlement agents, depending on what state you're in. There's about nine and a half thousand firms across Australia that are part of the network. There's also the 160 plus financial institutions across Australia. But then as you rightly mentioned, then it's more than a million of the consumers that they represent. So it's the lawyers and conveyancers and the financial institutions that you use our platform, but obviously they are representing the buyer and seller in that process. And then PEXA also integrates its system with all the different land registries across the country, the state revenue offices, and also the Reserve Bank of Australia to facilitate that settlement of funds.

Kylie Davis:

So what's the competitive landscape like for the settlements, because I'm hearing about new startups coming into the space all the time.

Lisa Dowie:

Yeah, absolutely. So I guess traditionally over the last few years, and even still today in some states, our main competitor is actually paper-based conveyancing. So it's been driving that change.

Kylie Davis:

[inaudible 00:06:40].

Lisa Dowie:

Yes. But as you can appreciate when the value is created, like what PEXA has done and the efficiencies that have been created, there is competition emerging and there is definitely two other what they call electronic lodgement network operators, which is someone made up that word, but that stands for the LNO, and that's what PEXA is. So there's two of those that are emerging on the horizon, and I think competition is great. We all know that. We all want competition in services that we procure and businesses that we deal with because of course it encourages innovation, really sharpens people's focus and make sure that you're getting the best possible product. So we actually back ourselves. We believe we've built a great product. We deliver great service. So we absolutely welcome competition into this space.

Kylie Davis:

Yeah, awesome. So can I just make sure I'm clear on it, and sorry if I'm being a little bit dense, but are you guys... Is PEXA the marketplace upon which other conveyancing solutions sit, or is it the whole shebang?

Lisa Dowie:

So there's lots of different things. So I guess, firstly, how actually PEXA works is that lawyers, conveyancers, financial institutions, they come and meet in a workspace within the PEXA exchange. It's a software as a service that they log into. And the parties then work within that workspace and actually do all the preparation that needs to occur before you can get to the point of settlement. And they do that in a transparent way, so they can all see what everybody's actually doing. In the old world people used to prepare all their documents and checks and things independently from one another and then turn up on the day of settlement and find, uh oh, something... This thing is not right here, this name is spelled incorrectly, such and such hasn't signed in the right spot. All those really annoying, frustrating, and avoidable human errors that could occur.

Lisa Dowie:

So all that has done transparently in the workspace, there's lots of checks that are performed between PEXA and the land registry in the lead up to settlement to make sure that everything is lining up as it should, financials are calculated, then the funds are allocated, and then all the parties actually digitally sign off on the workspace. And the workspace reaches what we call a ready ready state, and our members and customers know it very well, because it means that the documents are ready for the land registry and the funds are ready. So once then it gets to ready ready, they get to the settlement date and time that had already been proposed and an agreed by all parties, the workspace locks, and that's when settlement actually starts to occur, and the systems work through the process of lodging, the documents, stamp duty being disbursed funds, being disbursed to all participants, and then settlement has occurred. And happening many times within minutes.

Kylie Davis:

Awesome. So the difference as, say, you're a buyer and you're buying and you're very excited because you've just bought this beautiful new home and you can't wait to move into it, but of course you can't move into it until its settlement date, and a lot of people do try to settle on the day that they move in, don't they, which always traditionally used to be a very stressful thing.

Lisa Dowie:

And I never knew till I worked at PEXA just how many people do this move out one morning, move in the next day to the next property? For me, that would cause me a huge amount of anxiety. A lot of people do it.

Kylie Davis:

Yes. So we did that 22 years ago, but we're still married. Although I do remember there being a lot of shouting at the time.

Lisa Dowie:

That's quite a badge to hold, Kylie, I'll give you that one.

Kylie Davis:

It was a very big emotional day. So where was I going with that? I do remember literally sitting out the front of our new home, waiting for the phone call from our solicitor to say, "Yes, settlement has happened," so that the real estate agent could hand us the keys, and us being in the dark until that happened and terrified that something was going to go wrong at the bank or something was going to go wrong that was going to mean that the moving van had to I don't know do what with the furniture that was in the back of it. So in this new world, that anxiety is pretty... The biggest anxiety was not knowing and just hoping and praying that it would work out okay. But in this new world, you're actually able to see where you're up to and know all those little bits of pieces have been ticked, as opposed to finding out after the fact that they happened.

Lisa Dowie:

Yeah, we did a lot of a, which you could probably appreciate, in the beginning, a bit of research on what was happening in the paper-based world, and PWC did a review and research on this in about 2015 before PEXA had come around fully, and they could see that about 25% of all property settlements were falling over. So it would not happen on the time or day that they were supposed to due to those little errors, missed signatures, et cetera that we talked about. So the huge benefit of PEXA and the digital world is that all those differences are sorted out well in advance within the workspace, so it means that you you've got that settlement certainty, but it also means things like the real near time transfer of funds, so it means that the seller has no longer has to wait days for checks to clear they get access to their funds straight away.

Lisa Dowie:

Particularly if you are wanting to on purchase as well. That really has unlocked the ability to have those linked settlements and be able to move into your property and sell another one within hours of each other or at the same time. So that's really helped. And also they used to be the part, which many people didn't realise, but is the documents that would get lodged with the land registry may not happen until days, months, weeks. It could get lost, even, and your interest might not ever get registered on title, and it's not until someone goes in to resell that property, which could be 30 years down the track. But some of those real huge risky processes were unearthed, so that no longer happens either.

Lisa Dowie:

But the good thing for buyers and sellers, something that we have recently introduced is a PEXA Key, which is an app. Because when we started in this space, we soon realised that buyers and sellers, as you just mentioned, a bit in the dark around what was happening in the lead up to settlement. I, for properties, myself, experienced that. So we've developed an app called PEXA Key, which is free for our lawyers and conveyancers to give to the people they're representing. And it does two really great features, I believe. One is it allows them to check that settlement progress is happening, so there's a countdown in the lead up, lets them know that the workspace is ready and then notifies them precisely on the moment when the property settles so they get that obviously great news immediately, instantaneously. They don't need to wait for the lawyer or conveyancer to have time to call them. They get it straight away.

Lisa Dowie:

But it also is mitigating a risk that we know that exist now in this digital world around cyber fraud and communicating bank account details. So we could see that lawyers and conveyancers were emailing bank account details with their clients back and forth. Obviously they could be intercepted and changed and often people didn't know that that was happening. So we've created the app for the bank account details to be provided and they feed directly into the PEXA exchange platform. So not only does nobody have to key them in, they go straight in encrypted and the it's guaranteed as well for our buyers and sellers that that's fully protected by PEXA. It's more certainty as well.

Kylie Davis:

Awesome. Let's just take a short break and hear a quick word from our sponsors. Imagine a real estate forms and contracts solution that's always accessible, up to date with legal changes, and cuts admin time by 40%. That's the beauty of the Forms Live platform from dynamic methods. With Forms Live, Dynamic Methods have created a form system that is easy, online, and best of all, compliant. Every month 50,000 agents and property managers use Forms Live in seven and a half thousand agencies across every state and territory in Australia. Plus Forms Live has over a hundred integrations, including the industry's most popular CRMs, connection services, and digital signatures with DocuSign, making it the national platform of choice for real estate forms. Check them out at formslive.com.au. So if I'm a conveyancer or a solicitor, is PEXA the only thing I need or is there other tech that I could put on top of it that would also make my life easy?

Lisa Dowie:

There is practise management software. So a lot of lawyers and conveyancers will use various different, and there's a lot of them out there that they use. PEXA is integrated with them as well. So we have tried to eliminate double keying of data that lawyers and conveyancers might do. So yeah, there is other tech out there, but PEXA is integrating with them as well to provide that end to end digital solution that we know everybody wants in this day and age.

Kylie Davis:

So if I'm a real estate agent, is there a way that I would work with PEXA or is it really the point that I'm handing off to the conveyancer?

Lisa Dowie:

Yeah, largely. Look, we've had a lot of conversations with the real estate agent community. I guess they know about PEXA because in many cases it means they get faster access to their commission, because it's real time funds.

Kylie Davis:

Okay, that's a big benefit.

Lisa Dowie:

Yeah, that's a big one. And there's also the ability for... Lawyers and conveyancers are able to enter the real estate agent's email address into the PEXA platform so that they can provide the order on the agent in some states they call it, but basically notification that settlement has occurred so the real estate agent can release the keys, and that's all done digitally now. So again, not having to wait for phone calls or for a fax I think people were sending through before PEXA, with a a letterhead saying that they could do that. So allows the real estate agents, I guess, to provide a better experience as well for the new and excited homeowners.

Kylie Davis:

Fantastic. Okay. Now PEXA has been supporting the industry around settlement and you've got your Prop X awards. Tell me a little bit more about them. What are they for?

Lisa Dowie:

Yeah, so the Prop X Awards are now in its fourth year, and these awards really set out to acknowledge organisations that are spearheading transformation of the way property is bought and sold in Australia. So I guess to sort of bring it back a bit, PEXA's purpose is transforming the property experience for everyone, and these awards really look to celebrate what we consider to be the game changers in the industry who are doing the same. And we are understand that we've been trying to change a 150 year old process. It hasn't been easy and it's probably an understatement to say that it really required a huge amount of industry collaboration and working together.

Lisa Dowie:

So these awards also look to celebrate that. And if you think about who should enter, I guess it is those willing innovators within the legal practitioner, panel law firms, developers, financial institutions, and also industry partners. So think law societies, the real estate institutes, property councils, all those people are welcome to submit their nomination. And there's lots of different categories there. And of course we have some incredible judges this year, including yourself, Kylie. Thank you so much for being a part of it. We really do feel privileged that you are participating in this year's awards.

Kylie Davis:

Look, my only experience of conveyancing is the personal experience I've had, which was all pre-PEXA or paper-based, so I am really looking forward to seeing what sort of innovation is going on in the space. And I'm conscious of quite a few startups in that management system around conveyancing, so I think it's going to be a great experience. So, so tell me, how big is PEXA now? Tell me a little bit about the growth of PEXA.

Lisa Dowie:

So PEXA is just over 10 years old now. We have recently just gone through a successful $3 billion IPO and listed on the ASX, which we're quite proud of. Thank you. We're now in the publicly listed arena, which is great and something that we had been striving for for a number of years, so it's great to have achieved that. In terms of revenue, it's always a good way to understand how big or small a business is. We generated $221 million of revenue last financial year, which was 42% up on the prior year. Thinking about the market size and the market penetration that we have here in Australia, so currently 80% of all property transactions are being completed digitally via PEXA. We have about more than 350 employees now across PEXA. When I joined there was about 30, so it's been exciting to see it grow to that size. And that's here in Australia and also in the UK. And we currently operate in Victoria, New South Wales, WA, SA, and Queensland, so they're the states where you can settle your property on PEXA.

Kylie Davis:

So how did you come to join PEXA?

Lisa Dowie:

All those years ago, I have to say, and PEXA is the longest place I've ever worked, which I guess is testament to the great organisation it is. But prior to PEXA, my background was largely in the technology space. So I've always gravitated towards tech and innovation, and I spent most of my prior career working in really large transformational programmes I've worked. I worked at quite big organisations like ANZ and Telstra. I spent time in the UK working with Accenture and JP Morgan. And I came back from the UK, back to Australia, I had just recently purchased a property, so I had been through the experience and I have to share it with you because I walked into my lawyers office not knowing what I was walking into but was just daunted by mounds and bounds of paper in folders. It was almost a pathway carved through the office through all this paper.

Lisa Dowie:

I sat down at his desk and he called out to his receptionist, he's like, "Dawn, get me the Dowie file." And she he almost came in and blew the dust off the file and clanged it down on the desk, and then he told me to sign all these documents, which I'm not really sure still to this day what I probably signed. And I also remember the last minute running around, we were trying to organise bank checks and they kept telling us one figure, and then another figure and it was very stressful. And given my background in tech, I remember thinking at the time, and I was quite astounded that this was the way that the most significant purchase you ever make in your life was done like this. So when somebody spoke to me about PEXA and I remember sitting in the interview getting a better understanding of what this business was trying to set out to do, and in many ways it was just a dream back then when I joined, I absolutely jumped at the chance to be a part of something that was going to transform a whole industry.

Kylie Davis:

I remember my last purchase. I remember saying to my conveyancer, "Oh, don't worry about it. I don't need a bank check. I'll just transfer the money electronically. That would be fine." And she's like, "Well, don't leave it too late, because you know..." And then when I went to transfer it basically St.George going, "Oh no, a hundred thousand dollar limit." It's like, "Oh Jesus, hang on."

Lisa Dowie:

Yeah, it's crazy, isn't it?

Kylie Davis:

It cost a bit more than that. And then in the end doing a run to the St.George branch in Haymarket to try and get a bank check before closing. So much for... That was about 10 years ago now. Let's just take a short break and hear a quick word from our sponsors. Do you run a proptech business or are you the founder of a proptech? Make sure you join the Proptech Association of Australia. It's Australia's new not-for-profit association made up of tech people who are passionate about the property industry and committed to improving experiences in how we buy, sell, rent, manage, build, and finance property. Joining will give you access to events and networks across Australia and globally to help you promote and grow your business. Go to proptechassociation.com.au and follow the prompts to join. What do you think the next... This sounds like a really exciting space, and you just mentioned before the PEXA's expanding into the UK. What else is on your roadmap?

Lisa Dowie:

Yeah, so for PEXA, I think it's going to be very bright and exciting, but I think we really want to finish what we started, which was really taking digital settlements to all of Australia. So we're very soon-

Kylie Davis:

Tassie, we're coming after you.

Lisa Dowie:

Yeah. Well, first up it's going to be ACT, so we're ready to go in ACT. We're just finalising a few pieces there, so that should be within the next coming weeks into ACT. And then of course we want to welcome South Australia and NT to the network as well. But you're quite right, we are definitely wanting to expand into international jurisdictions, which is exciting, and we're quite progressed in the UK already. So we've already got a team over there and we're actually looking to build a system, obviously it can't be exactly the same, but we're looking to leverage what we have here in Australia and also exploring potentially opportunities in Canada and New Zealand, because of course, any of the countries in the Commonwealth tend to use the same way of transacting property, which is the Torrens title system, which actually started here in Australia, in South Australia, so it has been taken to the rest of the Commonwealth. So the way that property is settled, obviously PEXA has an affinity to look at those Commonwealth countries.

Lisa Dowie:

But also we really want to start seeing how PEXA can provide insights and services for the likes of industry, government, consumers using the real unique data set that we have, which is also at near real time. So there's been a lot of data in the property industry before, but it's always well after the fact by the time various agencies could get it together and use it. Whereas we have both a future view, so we can see the pipeline of what's coming, but we can also use it in real time. So we think there's a lot of benefit that we could have both to particularly policy decision-makers within the government around what they might be doing, where they're going to look at building infrastructure, et cetera, based on where people are migrating to. We think there's a lot we could do to help in that space. And of course, more partnerships with other startups. You might not know, but we have started a little offshoot called PX Ventures.

Kylie Davis:

Oh yes. I've heard about this.

Lisa Dowie:

Yeah, this is the really exciting bit, because what we remember is what it was like to be a startup. [crosstalk 00:25:26], and it's hard yards. It's really hard yards. So now that we've got to the point that we are, we want to be able to give back and give others a hand. So there's three specific areas that we're focused on. One I think of as partnerships. So that's where we're looking for fairly well established businesses who already have a product or service that they want to be able to take to market. And given that we have a large network of the nine and a half thousand law firms, financial institutions, we want to help them take their product to market where we can. So that's one area.

Lisa Dowie:

The second area is what we call Launchpad, and this is really where we're looking to help some of those startups and entrepreneurs, how they can start to achieve success sooner. So we have a advisory board set up with professionals who are really... Have worked in this innovation and startup space for a long time, and we really want to help those companies, turbocharge them to get them ready for success. And then we also have a entrepreneur development programme. So we've partnered with the Institute of Advanced Business Studies, and we're looking for people that we could sponsor and provide a scholarship with about $10,000 towards programme fees so we can really help them.

Lisa Dowie:

And I'm also on the PX Ventures advisory board, and particularly for me, I really want to make sure that the female entrepreneur voice is heard because I have been working also in the legal tech industry and can see the stats around female entrepreneurs and how females access funding is really challenging. So hoping that I can help give some of the female entrepreneurs a leg up as well. So there's a lot happening in that space, and I think even some of the new initiatives that we've seen come across our desk already, there's a lot of exciting innovation to occur.

Kylie Davis:

Is there a time of the year when when you need to have applications in for those things, or what's the... How does that work?

Lisa Dowie:

If any of your listeners are... They could go to pxventures.com.au, and all the information is there. So it's not time bound in any way. There's plenty of links on there where you can submit your details, and then we often get people in to have a chat with us and talk us through. We love to meet the people behind the ideas. So yeah, anytime at all, people can go on there and submit their details and we'll get in contact with them.

Kylie Davis:

Awesome. Okay.

Lisa Dowie:

You think about that space, yeah. Because I think there's a huge amount of potential, untapped potential in that space, because PEXA has really digitised the very end of the process. And when you look across that whole value chain and what happens in the property settlement upstream, I think there is a huge amount of opportunity to take place, to really create more value for people, for the ecosystems to combine and to really look at more digitization where we can.

Kylie Davis:

So just quickly, what are some of the pain points that you see in that upstream space that you think we should be solving for?

Lisa Dowie:

I think COVID has certainly highlighted a number, and we've already seen, I think, some things emerge quite quickly. We know digital contracts have become more prevalent, but even getting those to the right way that they're going to work for people is a big one. Verifying the identity of client. That was always been something that's face to face. Getting that through, I think, having that in a digital way is really important. And some of the other things we're even seeing things around like fractional property transactions-

Kylie Davis:

Oh yeah. I've seen some exciting stuff in that space.

Lisa Dowie:

Yeah, I agree. And particularly when you think of... You've got a young son, Kylie, the price of property at the moment is huge and it doesn't look like it's going to stop anytime soon. So I really think there's a real market for that fractional property transactions to occur. So that I think is really exciting and something that we've seen come across the PX Ventures desk, which is really good to look at.

Kylie Davis:

How do you settle a fractional property?

Lisa Dowie:

They settled them the same way... Well actually there's different models, and that's the thing that I think needs to be worked through. So some of the ones that we've seen actually settle them in very similar way and they actually provide the conveyancing service as part of the offering, others do it in different ways. So I think that's some of the emerging both issues and risks that need to be worked through with the fractional property. But I think settling them the same way as we do all properties is probably the safest and most secure way for those that want their interests protected.

Kylie Davis:

Yeah. I guess it means that we're all dealing with comparing apples with apples when we're talking about settlement anyway. So what does the future look like for PEXA, Lisa? It sounds really exciting and you're expanding into the UK, expanding into other markets. What else is going on?

Lisa Dowie:

I think they're the really big ones for us. As I said, the insights business. I think most importantly for PEXA, we want to make sure that we continue to be a great place to work for our people. We are really a people focused business. Just came number third in the best place to work, which we're very proud of.

Kylie Davis:

Oh, congratulations.

Lisa Dowie:

So we want to make sure that we remain still that small business whilst we are 350 people now. We still treat our employees like family, so we want to make sure that we maintain that because I think that's what ensures that our people continue to go over and above and they really deliver those really exceptional experiences, both for our customers, which in turn turns out to be great experiences for home buyers and sellers. So conquering the international regions is definitely the big one for us. Finishing the job here in Australia is certainly what we are committed to. The insights business, really leveraging the data and insights that we have for the betterment of the industry and the country. I think they're the big ones that we'll be focusing on in the future.

Kylie Davis:

Fantastic. Well look, Lisa, it's been awesome to have you on the Proptech Podcast. Thank you so much for your time.

Lisa Dowie:

Thanks Kylie. It was great for having me, and I look forward to seeing how the Prop X Awards go.

Kylie Davis:

Oh yeah, I can't wait.

Lisa Dowie:

Me too.

Kylie Davis:

So that was Lisa Dowie from PEXA, originally a derivation of Property Exchange Australia, but now innovating the settlement process, not just across Australia, but also internationally. I'm a huge admirer of Lisa's professionalism and her passion for the industry. PEXA listed on the Australian Stock Exchange on July the first this year and raised 1.174 billion at $17.13 a share, which valued the organisation at 3.3 billion. Well done guys. And PEXA are an Australian proptech success story going from startup right through to multi-billion dollar business, successful IPO, and international expansion. But I love the way they are staying true to their roots and continuing to support and invest in innovation across the broader ecosystem that they are part of through the PX Ventures and the Property X Awards, so we will include links to the show notes below.

Kylie Davis:

Now, if you have enjoyed this episode of the Proptech Podcast, I would love you to tell all your friends or drop me a line either via email, LinkedIn, or Facebook. You can follow this podcast on Spotify, Google Podcasts, Anchor, and Apple iTunes, and all other places where good podcasts are found. I'd like to thank my podcast producer, Charlie Hollins, and the very fabulous Jewel Escudero, and our sponsors Direct Connect, making moving easy, Dynamic Methods, the name behind Forms Live, REI Forms Live, and Real Works, and the Proptech Association of Australia, Australia's industry body supporting the flourishing proptech community. If you're an Australian or New Zealand proptech who would like to be on the show, drop me a line via LinkedIn or kylie@proptechassociation.com.au. Now thanks everyone. Until next time, keep on propteching.