EY, the Property Council of Australia and the Green Building Council of Australia have released the results of new research in a document titled “Will the Australian property sector seize the upside of disruption”. The research builds on EY’s previous research on “the Upside of Disruption”. 550 property industry executives and 15 real estate CEO’s were involved in the research.
The executives were asked to assess global megatrends with regards to their likelihood and were also asked what their own organisation’s were doing to prepare for the forecast changes. The six megatrends identified were:
- Digital Technologies
- Compromised cybersecurity
- Robotics
- Smart future
- The sharing economy
- Autonomous transport
The Property Council stated “Disruption is occurring and will occur and it either means new entrants transforming the way the industry does business, or existing market participants anticipating and preparing for change.”
The Green Building Council of Australia stated “Green building was a disruptive force a decade ago, and Australia’s industry seized the opportunity. We are well placed to embrace the next wave of disruption to drive greater efficiencies in energy and material usage, to enhance the resilience and liveability of our growing cities, and to deliver homes and workplaces that are more sustainable, as well as smarter and safer.”
More information here.