A recent development in the property technology sphere sees Digital Agricultural Services, a company specialising in geospatial solutions, introducing a novel 3D terrain mapping tool. This innovation is specifically aimed at the regional and rural property market, promising a simplified method for visualising the topographical features of extensive land parcels. Industry observers note the company’s assertion that this technology represents a global first and anticipate its potential to significantly impact sectors such as real estate, finance, and agribusiness due to its enhanced visualisation capabilities.
Sources indicate that DAS anticipates substantial adoption of this technology among its existing clientele within the property industry. Notable clients such as JLL, Ray White, and AWN, along with numerous smaller agencies, are reportedly showing increased interest. This heightened demand is largely attributed to the growing need for remote property transactions, particularly to accommodate overseas buyers. The ability to virtually visualize land characteristics in three dimensions is expected to streamline the buying and selling process for properties across considerable distances.
External analysis of Australian agricultural land ownership indicates a slight increase in foreign holdings. Data released by the Foreign Investment in Australia Bureau reveals that the proportion of farmland under international control rose from 12.3% in the 2022 fiscal year to 12.9% in the subsequent 2023 fiscal year. The report further identifies China and the United Kingdom as the primary sources of this offshore ownership.
In the realm of rural property transactions, the detailed mapping of land characteristics plays a crucial role, according to Anthony Willmott, Chief Executive Officer of DAS. Willmott emphasized that key topographical features such as significant elevation changes, existing plant life, and available water sources are critical determinants of a rural property’s inherent qualities. These elements, he suggested, have a direct impact on the land’s valuation, its capacity to withstand adverse events, and the range of potential applications. By providing readily available and comprehensive information about these aspects, Willmott believes it streamlines the process for qualified purchasers and enhances the visibility of individual properties within the market.
An industry observer notes that a novel application of established 3D virtual tour technology, commonly employed for urban real estate, is now being extended to regional landscapes. This adaptation offers a significantly more detailed and insightful perspective compared to standard platforms like Google Earth. The technology is described as transforming traditionally tabular data into a dynamic visual experience, enabling businesses and their clientele to readily comprehend critical information impacting land valuation, output, and infrastructure efficiency. The effect is akin to virtually traversing a rural estate and understanding its spatial arrangement remotely.
According to a representative, the conventional methods for landowners and property stakeholders involved manual mapping or physical site visits to gain necessary understanding. This groundbreaking development from DAS, initially being introduced in Australia and New Zealand, is anticipated to generate substantial time savings by offering a virtual and immediate means of property assessment. This innovation marks a significant shift in how rural properties are evaluated and understood within the broader ecosystem.
Driven by the needs of its clientele within the monetary and assurance industries, DAS’s groundbreaking creation empowers them to evaluate credits, peril, and funding opportunities for countryside estates. For these patrons, DAS’s instrument holds significant value in the appraisal of a holding’s characteristics, encompassing alterations in weather patterns, recognition of agricultural products, ground utilization, and forecasting output.
Fueled by progress in location-based digital methods, DAS’s intelligence and potent collection of utilities has demonstrated considerable importance in guiding numerous governmental strategies, such as the lessening of dangers, safeguarding of nourishment supplies, geographically informed financial planning, charting of terrain application, and commerce.
