The new app – built in partnership with AR development firm tagSpace – also has a range of other uses, including directing fans at Marvel Stadium and the Sydney Opera House to their seats, helping them navigate the massive and often disorienting venues to find merchandise stands and food kiosks, and overlaying details about the timing and spare capacity of trains servicing the venue.īy combining multiple data feeds, the AR overlays provide real-time information about the physical locations around you: just point your phone, and the app picks out landmarks or service points within your field of view and provides relevant information.
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“Combined with tagSpace’s XR city-scale annotative ‘tags’ and cloud solution, we are excited to have a combined offering that can help businesses sell and lease property, even in an economic downturn”.įounded in 2015 tagSpace, is an Augmented Reality software company specializing in end-to-end publishing solutions for city-scale AR experiences, and became a world leader in location-based AR for Tourism, Big Events and Smart Cities.Building on years of mobile communications innovation and billions of dollars of investment by Australian telcos, 5G mmWave technology is finally being put in the field as Telstra debuts an augmented reality (AR) app that will solve an age-old problem: helping you find the toilets with the shortest queue. Visualising real estate in-situ using mobile AR technologies is important now more than ever due to travel and social recommendations being imposed in the wake of COVID-19”, said Paul Martin, Founder and CEO of tagSpace. RealAR’s commitment to solving real world problems using technology is impressive. “We have been connected with the RealAR team a while but our relationship forged after our companies each joined the Techstars family, the global platform for investment and innovation. Both tagSpace and RealAR are also Techstars portfolio companies having recently participated in Lisbon ‘19 and Colliers Proptech Accelerator ‘19 respectively. The two companies are based in the Gold Coast region of Australia and specialists in the emerging technology of Augmented Reality. Paul Martin, tagSpace CEO will become RealAR’s Co-CTO to bolster delivery of property visualization capabilities. “We have been watching tagSpace’s progress into areas such as Smart Cities for a number of years and now together we’re bringing the best experiences to both residential and commercial real estate, especially now with property professionals using technology in new ways to reach customers”. “This partnership solidifies RealAR as the go-to solution for property professionals to understand plans as easily as physical property”, said Dan Swan, CEO of RealAR. Likewise RealAR real-size 3D models created from a 2D floor plan can be placed at real-world locations via the tagSpace portal.
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This will allow tenants, landlords and brokers to quickly and affordably understand how to optimise the best fit-outs for a space.Īs RealAR’s technology partner of choice, tagSpace will provide annotation ‘tags’ within its property tours. Over the coming months, RealAR will release its automated conversion technology which also uses artificial intelligence to create real-size and real time experiences. Upon completion of the Colliers Proptech Accelerator Program powered by Techstars, RealAR partnered with Colliers and is expanding into commercial real estate. RealAR came to market in 2018 with an initial focus of helping home buyers see their dream home before it was built. On the flip side, cut in mortgage rates in many countries are also now at record lows and could help boost new home buyers coming to market. As well as restrictions now in place for international travel, domestic travel is also decreasing as seen with people now being encouraged to work from home.
Property sellers targeting foreign buyers for instance, are seeing drops in numbers in the very high percentages.
With COVID-19 now a global emergency, the recent heightening of travel restrictions, limitation of mass gatherings and social distancing are affecting multiple sectors, including the property industry.
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