RealAR a proptech company that helps property buyers visualise real estate interiors of homes before they are built has received funding from Colliers International.
Using augmented reality (AR) the innovative app allows property developers and home builders to take a 2D floor plan or 3D models of fit-outs and then create an augmented reality experience, allowing property seekers to see a walk-through in life-size and experience what the property actually looks like.
Property seekers looking at house and land can visualize how streetscapes and outside views will impact on their new home or alterations, giving them the additional comfort they might need to make a purchase.
“RealAR is a user friendly and accessible way to improve knowledge and understanding of proposals during the entire development assessment process of a space,” said Co-founder and CTO Keith Ahern, an ex-Netscape Silicon Valley VR software engineer.
Co-founded in 2017, RealAR CEO Dan Swan PhD, said of being chosen by Colliers “It’s a wonderful opportunity for us, the very first Australian company to be selected, to take part in this intensive 13-week accelerator program alongside nine companies from five other countries.
“We’ll be exploring pilots and partnerships with Colliers’ people and clients to accelerate growth prospects for all parties.”
Colliers’ vice-president of global strategic investments Zach Michaud said:
“Our conviction around technology continuing to improve both our ability to service our clients and improve our clients’ businesses remains solid and we continue to view technology as tool versus a threat in our industry.”
RealAR will focus on growing its existing residential user base as well as leveraging Colliers International world wide for enterprise customers.