FAQs
What can we help you with?
- What makes MyPropTech unlike other property platforms?
- MyPropTech is a members-only technology platform. We provide our members with access to independent market intelligence and data, detailed financial modelling and the ability to purchase residential property via the MyPropTech Dynamic Pricing™ algorithm. Our members can access real-time independent, unbiased market data from Australia, New Zealand and the United Kingdom. Our objective is to provide high quality information to help investors make truly informed investment decisions. Using the Property Analyser tool, members can run detailed financial models on residential investments from Australia, New Zealand and the United Kingdom. Our investment tool allows investors to make direct comparisons between international investments and take into account their specific: - Stamp duty and other purchase costs - Management and operating expenses (specific to the property) - Cash flow (after tax) - Total annual return (after tax) This helps members to: - Understand the impact of different growth assumptions - Make side by side comparisons between different investments, even if they are in different countries.
- Where do you operate?
- MyPropTech gives members from all over the world access to new build properties from leading developers in Australia, New Zealand and the United Kingdom. In the future, we plan to expand into new markets such as the USA, Canada, Singapore, Hong Kong, Thailand and Japan.
- What is MyPropTech Dynamic Pricing™?
- Members of MyPropTech can utilise our revolutionary MyPropTech Dynamic Pricing™ algorithm. We agree a significant discount on an allocation of apartments, which reflects the savings a developer achieves by selling with no marketing costs, as well as the economy scale achieved by selling multiple properties in a single transaction. Properties are released via the MyPropTech Dynamic Pricing™ algorithm and every time a member reserves an apartment, the price of all the apartments goes down. This includes those which have already been reserved. The base price is the lowest possible price for the apartment. The MyPropTech Dynamic Pricing™ algorithm allocates the difference between the base price and the retail market price — the ‘Dynamic Discount’ across all of the properties. With every unit reserved, more of the Dynamic Discount is released to every apartment, until they reach the base price. The strike price is the maximum price a member will pay for a certain property, set in advance. The strike price is only hit if a certain number of apartments are sold.
- What is the retail market price?
- The retail market price for a property is the price the developer advertises to individual investors. MyPropTech Dynamic Pricing™ means our members pay less than the retail price.
- What is the strike price?
- The strike price is the maximum price a member will pay for a certain property, set in advance. The strike price is only hit if a certain number of apartments are sold.
- What can I save?
- By taking advantage of MyPropTech Dynamic Pricing™ you can save up to 15% off the retail price of a property.
- How does my portfolio work?
- Your MyPropTech portfolio lets you compare properties on the platform and decide which is best for you. When you add properties to your portfolio, you can use our smart property data to forecast your ROI over the next 10 years.
- Can I add my own properties to my MyPropTech portfolio?
- Yes, you can add existing properties you own using our smart tool. This currently supports properties in the UK, Australia and New Zealand.
- Where are the properties from?
- MyPropTech gives members access to new build properties from leading developers in Australia, New Zealand and the United Kingdom. Only developers who agree to the MyPropTech Dynamic Pricing™ structure are listed on our platform, ensuring we offer our members exceptional investment deals. We do not charge developers to list their properties on our platform and the savings they make by not paying for exhibitions and advertising are passed on to our members in the form of a discount from the retail market price. In addition, the developers have agreed to provide an additional discount for multiple sales, which they are able to do because they benefit from economies of scale. All developers on the MyPropTech platform have agreed to these discounts using the MyPropTech Dynamic Pricing™ algorithm.
- Where do your valuations and property research data come from?
- We connect with the world’s leading providers of independent data and research. We buy this data in high volumes and provide this at low cost to individual investors through the process of aggregation. As we continue to grow our business, we anticipate providing both additional information, data and analytics for the countries where we already provide data. We also plan to add data and information for new markets such as the USA, Canada, Singapore, Hong Kong, Thailand and Japan.
- Why should I analyse a property?
- We make it simple and transparent for our members to navigate global property investment. Proper analysis helps you avoid unexpected costs and make smarter investments. You have access to our Property Analyser tool which enables you to make informed and detailed calculations as to the associated costs of purchasing properties in Australia, New Zealand and the United Kingdom. Using the Property Analyser tool, you can run detailed financial models (including purchase costs) on residential investments from Australia, New Zealand and the United Kingdom. This lets you make direct comparisons between international investments and take into account their specific: - Stamp duty and other purchase costs - Management and operating expenses (specific to the property) - Cash flow (after tax) - Total annual return (after tax) This helps you to: - Understand the impact of different growth assumptions - Make side by side comparisons between different investments, even if they are in different countries.
- How do we calculate the tax?
- Tax is calculated for the country where the property is located. Please note — this is for indicative purposes only and can NOT be taken as legal or financial advice. You should speak to your tax advisor if you require calculations that are accurate for your tax situation.
- What is the reservation process?
- Once you have identified the right property, you can reserve your property online directly through our platform. The conveyancing process is the same as if you were purchasing a property at an exhibition. The key difference is that the whole reservation process can be done at your desktop or in the palm of your hand. Once you've completed the Reservation Form, you will be required to complete your identity checks and pay a small fee to confirm the reservation. Your reservation is only agreed and finalised when the identity checks have been carried out, the reservation form has been approved by our team and the reservation fee paid. If the strike price is met and you proceed to an exchange of contracts, your reservation fee forms part of your 10% deposit. If the strike price is not met, your reservation fee will be refunded to you in full. You will need to provide: - Proof of identity - Proof of address, dated within the last three months. If you have any questions, contact your Portfolio Advisor who can work through reservation with you.
- How do I manage my subscription?
- Subscriptions to MyPropTech can be managed under the Account section of this website. All payments are managed through the Stripe payments platform.
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