New research from Procore and Property Council of Australia examines COVID-19 impact, reveals digital investment needed to drive growth
Digital transformation a key focus area for 53% of Australian property leaders post-pandemic
Sydney, Thursday 4 November 2021: Australia’s property industry remains “remarkably resilient” with leaders focused on the challenges of growth, according to a new survey from Procore Technologies, Inc. and the Property Council of Australia.
The Data Differentiator: Australian property leaders reveal how using data today can mitigate tomorrow’s risk, a new report based on a July 2021 survey of 166 senior industry leaders in Australia, finds the pandemic has not significantly influenced the viability of the industry’s project pipeline, and that leaders are focused on technology as a long-term play, rather than a response to short-term challenges.
Ken Morrison, the Property Council’s Chief Executive, says the survey results “underscore the remarkable resilience of our industry”.
“The industry’s main worries are weighted towards the challenges of growth: securing land and funding, and delivering trustworthy buildings at a rapid rate,” Morrison says.
