NZ property technology and data platform Valocity and NZ’s largest property management software company Palace, announces an exclusive partnership to provide powerful new insights, data, and digital solutions to the residential rental property sector.
This strategic partnership delivers significant new and unique rich rental property data to the NZ banking, insurance, and property management sectors by combining and leveraging Valocity’s leading technology, property data and connected ecosystem with Palace’s extensive and unique rental property information.
The property rental market is evolving rapidly, particularly with changing legislation and COVID reduced global travel. Understanding evolving market trends and geographical performance has never been more important to enable informed and data-driven decision making.
This partnership empowers the property industry to now fully identify, analyse and gain granular visibility of key rental market aggregate trends and combine them with powerful Valocity analytical models and data series to introduce enhanced transparency and visibility. This includes real-time platform access and portfolio “always-on” reporting, along with timely market insights.
Valocity Founder and CEO Carmen Vicelich says, “Valocity is driven to continue to innovate and leverage the power of data and technology to solve problems for its lending and insurance ecosystems.
Collaboration has been an integral part of our success. We have always partnered with the best industry leaders and data providers to deliver innovative solutions. Through this partnership, we can now exclusively empower our key banking and insurance clients to deliver to their needs with a better understanding of key rental market trends.”
“In recent years, the residential rental market has become increasingly complex”, says Palace CEO, Michael Abbott. “The new Residential Tenancies Amendment Bill means more responsibilities, and a greater need for property managers. As the largest property management software provider in New Zealand, the partnership with Valocity allows us to leverage our extensive data-set to provide powerful insights and support decision making for property managers and business owners.”
The combination of nationwide rental data with property values and performance is a NZ market first, and Palace and Valocity are delighted to bring this innovation to the property ecosystem.
Valocity is New Zealand’s leading digital platform connecting the entire property ecosystem of lenders, brokers, valuers, and their customers to streamline and automate the property valuation decision-making process.
In 2018, Valocity was recognised as one of ten global finalists at the global FinTech Awards in Singapore, as well as a top ten finalist for the Fintech Hackcelerator. In 2019, Valocity received FinTech Startup of the Year Award at the India FinTech Awards.
Sara Pesic, Marketing Manager – Valocity Global
Palace, the leading-edge property management software, simplifies the management of residential rental properties by property managers and business owners. The platform allows property management businesses to scale the number of properties under management with smart financial tools and integrated partners.
Palace operates in New Zealand and with a growing presence in Australia.
For more information please visit getpalace.com or for any media inquiries contact:
Renée Lefeber, Marketing Manager – Palace