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Proptech start-up firm Houseandland.com.au has acquired real-time rates competition firm Joust, in a move that will expedite the buy and build property transaction.
Joust allows lenders to compete in real time by offering progressively lower rates.
Houseandland.com.au chairman Chris Taylor said the new technology provides opportunities to like-minded firms who are on the same strategic trajectory.
“Houseandland.com.au and Joust are strongly aligned where it matters — being an ally for people looking for a home and helping them get the best deal.”
He said the move is an exciting step towards becoming a one-stop shop for people looking to buy and build property.
“It’s an incredibly exciting time for us both,” Mr Taylor said.
“Houseandland.com.au and Joust will offer an end-to-end solution, matching consumers to their house and land selection and then assisting to finance their purchase.”
Joust chief executive Mark Bevan said combining comparable technologies to forge a common goal is a sound commercial tactic.
Mr Bevan said he was excited to join forces with a company that had the same strategic vision.
“Our goal is to make the home loan process easier and more consumer-focused,” he said.
“We couldn’t have found a better partner to help do that than Houseandland.com.au.”
Houseandland.com.au is a website, app and SAAS technology that allows home builders to match land and knockdown rebuild blocks to house designs from Australian builders that fit the block dimensions, creating a custom house and land packages. Then it connects stakeholders to complete the project.
Joust is an app that allows eligible consumers to allow lenders to compete to provide lower interest rates on home loans. Consumers enter their home loan details and requirements and, over a period of one to three days, lenders battle to win their business by offering the best deal on a rate.
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