Inside the 'opaque' property tech sector that helps real estate agents decide who gets a lease in a rental shortage
Australian technology companies that process rental applications for the real estate industry appear to be pulling back their platforms, as consumer backlash grows about the fledgling industry's allegedly "opaque" practices.
A report out today from consumer advocacy group Choice concludes that Australia's real estate industry is becoming increasingly reliant on third-party apps such as 2Apply, Snug and Ignite to process rental applications, as well as manage properties once tenanted.
Proponents of this trend say it helps Australian renters apply for properties in a faster and more efficient way. That is because their apps allow people to create central profiles and upload documents, rather than individually apply for rentals directly with real estate agencies.
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