Company Name: Realty Assist
Announcement Date: 29/11/2021
Announcement Category: Investment
Announcement Content:
Highlights
· Australian property market innovator Realty Assist raises AUD $4M from investors to accelerate its growth in the nation’s [1]$9 trillion real estate sector.
· Realty Assist secures AUD$20M warehouse funding facility to support its suite of ‘buy now, pay later’ real estate finance products.
· The funding round was led by CPS Capital, and places Realty Assist at the forefront of Australia’s real estate market as it emerges from COVID lockdowns.
· Realty Assist recently added The Agency and Laing+Simmons to its client roster, along with a growing number of Ray White and LJ Hooker branches.
MEDIA RELEASE November 19th, 2021: Primed for a post-lockdown property market, Australian real estate finance innovator Realty Assist has raised $4M from private investors, secured a $20M warehouse funding facility, and won backing from major players like The Agency to accelerate the national roll out of its ‘buy now, pay later’ real estate finance products.
In October 2021, CoreLogic valued Australia’s real estate market at $9 trillion – but with NSW now out of COVID lockdown and Victoria reopening, Realty Assist is confident the nation’s property market could grow even more into the new year.
“Realty Assist has earned financial backing from investors and is growing a large client list at the perfect time – right before the Australian summer when we expect there will be a surge in demand for properties across the nation, especially as major property markets like NSW emerge from COVID lockdowns and life begins to open up again – a moment we think scores of Australian property owners and investors have been waiting a long time for,” says Realty Assist’s CEO Sam Rettke.
This confidence is echoed by Matt Lahood, CEO of The Agency, a legendary figure in Australian real estate, and one of Realty Assist’s early backers.
“I’ve got the feeling that there’s still a lot of people that haven’t come back to Australia yet – on last count I think there were 40,000 expats still trying to come back to Australia – and so a large percentage of them are going to want to buy. I think that’s going to give us a real run – a lot of them won’t be coming back this side of Christmas, so it looks like the growth will continue at least all the way through to mid-year next year,” says Mr Lahood.
“I’ve had personal experience with VIP clients of mine that have used Realty Assist’s service and been highly impressed. It's also helping us bring properties to the market quicker and it just shortens the process of being able to move on to the market faster.”
The boutique Perth-based stockbroking firm CPS Capital led Realty Assist’s capital raise. Managing Director of CPS Capital, Jason Peterson, says, “Client appetite was extremely strong from sophisticated and professional investors across the globe for both equity and debt offerings.”
“We look forward to developing a long-term relationship with Realty Assist which is disrupting the Real Estate sector’s financial life cycle by utilising technology and creating a seamless user journey.”
Sometimes called ‘the Afterpay of real estate’, Realty Assist’s digital financial products speed up Vendor Paid Advertising, commissions, settlement and maintenance for investors, homeowners, and landlords, while also helping renters and first-time buyers enter the market more easily with bridging loans and bonds. One of Realty Assist’s flagship products, SettlementCollect, allows members to access up to 80% of the equity in their property’s sale up to 60 days in advance (two months). An advantage like this could allow investors in a red-hot market like Sydney to secure a property at a better price than if they had waited for the usual process.
“We spoke to a number of businesses already using Realty Assist, and the feedback has been amazing in regard to the products on offer and the level of customer service provided. Realty Assist’s ‘one-stop-shop’ mentality was at the centre of the decision,” says Leanne Pilkington, Chief Executive Officer of Laing+Simmonds, explaining why the group signed on nationally as a member. With support from industry heavyweights like The Agency and Laing+Simmons, along with a growing number of Ray White and LJ Hooker branches nationally, Realty Assist is primed for growth.
“We started Realty Assist after having been in real estate for many years and encountering the same bottlenecks over and over – we knew there had to be a better way of financing property, so we built it,” Mr Rettke says. With a fast-expanding Australia-wide presence and a growing list of real estate sector backers, Realty Assist is changing the way properties are bought and sold in Australia, making the process faster, smoother, and more profitable for its members.
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Announcement URL: https://realtyassist.com.au/
About Realty Assist:
Realty Assist is disrupting Australia’s real estate sector with innovative digital financial services that allow its members to quickly access funds for marketing and staging, bridging loans, settlements, commissions, bonds, and other benefits that can take weeks and even months to attain through traditional methods. Realty Assist’s tailored financial services allow homeowners to improve their market price and chances of sales success, while buyers can set up deals and secure the properties they want without the usual hassle. With over 50 years combined experience within the real estate industry and clients including The Agency, Ray White, and Century 21, Realty Assist is a fast-growing company helping customers across Australia realise their property dreams swiftly
and securely.
Go to Company Profile for: Realty Assist
Announcement Contact: [email protected]
