Ep. 74 - Using AI and Technology to Transform the Property Industry
![Ep. 74 - Using AI and Technology to Transform the Property Industry](https://www.podcastworld.io/podcast-images/the-hmo-property-show-30wbye9w.webp)
In this episode, Neil interviews his long-time mentor Ron Forlee about his 43 year career in property across Australia, Asia, and Africa. Ron shares insights from his experience in development, consulting, and applying new technologies like AI and blockchain. He discusses the importance of affordable housing and sustainability, and how concepts like co-living aim to address these issues. Ron also talks about his work with EOIR International and the projects they are exploring with AI, like their Project IQ platform. Tune in to hear Ron's fascinating journey and vision for how technology can revolutionize the real estate industry.
Key takeaways from the podcast:
- Ron Forlee has over 43 years of experience in the property industry across various roles in development, consulting and mentoring.
- Affordable housing and sustainability have always been important focus areas for Ron throughout his career.
- New technologies like AI, blockchain and ESG reporting can transform the real estate industry by driving efficiencies and meeting sustainability goals.
- Concepts like co-living aim to improve affordability and sense of community through collaborative housing models.
- Green data centers powered by renewable energy could decentralize infrastructure from large centralized facilities.
- Tools like Ron's "My Home AI" chatbot are being developed to help first home buyers and investors navigate the property market.
- While cities may grow denser, Perth is unlikely to reach Hong Kong levels of density due to Australia's land availability and planning regulations.
- Satellite towns have potential to evolve into cities over time based on population shifts and growth in employment opportunities.
Ron detailed his fascinating career journey, from starting his architectural practice in South Africa to consulting on major projects in China and Vietnam. He discussed the challenges of international work and his return focus to Australia. Ron also works closely with CORE Living on applying new technologies like AI and blockchain to the industry.
When asked about specific projects, Ron described a shopping center in South Africa and master planning technology parks in China. He stressed the importance of doing thorough research to understand market demand. Ron has also written books and created online courses on development and investment coaching.
The discussion dove into topics like smart communities and how concepts like co-living aim to improve affordability and sense of community. Ron explained his vision for green data centers powered by renewable energy. He believes decentralizing data infrastructure can drive greater efficiencies.
CORE Living aims to implement ESG principles and AI into their projects. Ron shared details on tools like his "My Home AI" chatbot designed to help first home buyers and investors. He believes AI can streamline traditionally manual property management tasks.
As for the future of cities, Ron doesn't foresee Perth becoming as dense as Hong Kong due to land availability. Satellite towns may grow into cities over time based on demand and population shifts. The property industry will surely continue evolving with new technologies.
For more information, visit
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Ron Forlee | AYR International | https://ayr.international/contact/
Email: ron@ayr.international -
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