Top 10 Proptech Companies in New Zealand

The significant growth of proptech companies globally in recent years has been unfathomable. As per the latest market trends and analysis, it is expected to grow at a whopping rate of 9.3% CAGR within the next 10 years.

The global market size currently is at US$ 19608.1 Million, and as per the statistical analysis, it is expected to reach US$ 42,842.5 Million by the end of 2033.

This massive opportunity for growth has attracted hundreds of entrepreneurs and startups to develop fresh yet innovative ideas for tech-based real estate solutions.

Regarding New Zealand’s economy, “property” has always been its largest industry, contributing to more than 15% of its total economy. Therefore, this particular industry is one of the largest industries in the country, employing 9% of the total workforce and generating almost $42 billion dollars in GDP.

Even though in terms of the Proptech industry, New Zealand is yet to get the big break, a lot of promising signs are becoming visible significantly. From the previously acquired data obtained through surveys and analysis, it can be inferred that the local property industry in the country is far ahead in the Proptech journey compared to other markets like Australia and some parts of Asia.

To better understand the growing Proptech industry in the country, here is a list of the leading companies ruling as pioneers.

10. Ownly

Founders: Sam Mclntyre

Founding Year: 2021

Headquarters: Wellington, New Zealand

Ownly is one of the leading Proptech companies in New Zealand. Housed in Wellington, the company is on a mission to empower real estate agents. Their services include discovery sessions, brand collateral, staff training, creative direction, and everything in between that will help these high-achieving agents establish their own real estate brands.

Ownly aims to create a bridge and fill a gap in the market, providing high-performing agents with an opportunity to venture out on their own in a risk-free zone. They follow a 4-step process to set up the entire real estate business for individuals. All the services provided by Ownly can be found here.

9. Flexi

Founders: Andre Heller

Founding Year: 2020

Headquarters: Wellington, New Zealand

Flexi was founded in 2020, and since then, it has almost revolutionized the housing market in New Zealand. They instill P-DfMA principles to create a standardized and scalable housing component addressing the industry challenges.

The company prioritizes high-quality and healthy homes, offering a system that saves on mortgage interest. More about their innovative, reusable, and challenging traditional methods can be learned here.

8. Keyhook

Founders: Luke, Aaron

Founding Year: 2021

Headquarters: Wellington, New Zealand

Keyhook was founded with the single mission of bridging the gap between landlords and tenants. Keyhook offers a unique amalgamation of combining human interaction and technology.

They have automated property management tasks while providing expert advice and solutions from a knowledgeable team. A sneak peek into their process is available here.

7. Arizto

Founders: Pernell Callaghan

Founding Year: 2018

Headquarters: Auckland, New Zealand

Arizto offers a comprehensive solution for property listing services. When a customer lists their property with Arizto, they get access to a licensed agent with no fixed-term agreements, which provides flexibility. The company connects the customers with local experts in their suburbs, ensuring they have knowledge inside out.

The company streamlines the property-selling journey so that it is no longer a hassle. The valuable support and resources offered during the process make the company one of the customer’s favorites. The details about the entire property-selling journey can be viewed here.

6. ListNow

Founders: Karen Jackson

Founding Year:

Headquarters: Auckland, New Zealand

The marketing payment process in the real estate industry is cluttered. ListNow is a company that aims to streamline this process.

They collaborate with the big players in the Real Estate Agencies to offer their vendors seamless yet innovative solutions. By doing this, they are able to achieve an enhanced agent-vendor relationship and transform the way the financials operate in the real estate sector. Everything you need to know about their services is accessible here.

5. Prenguin

Founders: Matt Bishop, Ceinwen McNeil

Founding Year:

Headquarters: Auckland, New Zealand

The founders of Prenguin created a powerful platform to easily design ceilings and partitions. The most significant advantage of this platform is that the clients get access to every feature under one roof.

Whether they are looking for specifications like fire or seismic sustainability from different manufacturers, they get to access everything in one place.

It also offers a platform for engineers or designers to showcase their engineered design under the cover of “sales tools,” making it a full-proof solution for designers and construction workers. A detailed list of their services is available here.

4. Tectonus

Founders: Carl Beck, Keane Lee

Founding Year: 2011

Headquarters: Auckland, New Zealand

After the devastating earthquake that shook Christchurch in 2011, Tectonus emerged. The company’s founders recognized the need for more efficient structural solutions that could sustain the tremors and reduce the losses.

The innovative tech used by the company helps reduce the residual drift significantly, minimizing the damage without needing excessive amounts of concrete or steel. The company aims to build 100,000 seismic resilient structures in less than 10 years for a safer future. More details about their services are available here.

3. Trade Me Property

Founders: Sam Morgan

Founding Year: 1999

Headquarters: Wellington, New Zealand

Trade Me Property is New Zealand’s one of the most well-established companies in the Proptech industry. It can be considered one of the pioneers since it began operations in 1999, much earlier than the existing businesses. They provide a wealth of services and are not limited to buying or selling places.

Apart from property listings for buy or sell, they also offer domestic services, event management, and entertainment services, various trades in multiple sectors, etc. To better understand all the services Trade Me Property provides, you can visit their website here.

2. V-Quest.io

Founders: Eoin McLoughlin, Barry Lynch

Founding Year: 2020

Headquarters: Christchurch, New Zealand

V-Quest.io is a dedicated organization addressing the pressing issues of excessive carbon production in nature. Founded by experienced individuals, the company simplifies the complex design process for designers and constructors.

They provide solutions from the start of the process, allowing designers to make informed decisions and optimize their creations considering sustainability and financial feasibility. The company constantly emphasizes the importance of early intervention to reduce the carbon footprint during its construction.

The tools available at V-Quest.io help streamline cost, carbon, and building mass assessment. They provide a holistic view of the project’s sustainability while meeting the budget requirements. A detailed list of their services is available on their website, accessible here.

1. LeapThought

Founders: Ratnakar Garikipati

Founding Year: 2011

Headquarters: New Market, Auckland

LeapThough is a Proptech company established in New Zealand with a unique mission. They are a company that provides cutting-edge solutions for various AEC and productivity sectors. Their goal is to create resources that have long-term sustainability. They are able to achieve their goal by integrating human and machine intelligence, which helps in creating Integrated Digital Delivery Platforms. Using this deep technology, they revolutionize the construction, designing, operations, and planning of built environments. They stay true to their commitment to positively impacting society through innovation and integrity. More details about their services can be found here.

Final Note

Even though the boom of the Proptech industry in New Zealand is just beginning, the sheer amount of startups and companies promises a brighter future.

New Zealand is a small market, but the inhabitants are solutions-focused. Since the Proptech industry is still in its budding years, the innovative minds in the country have taken it upon themselves to establish New Zealand as a major player in the global forum.