Proptech leader, PropHero, has introduced a groundbreaking standalone application, aptly named the “PropHero Portfolio” app. This cutting-edge tool provides property investors with an unparalleled opportunity to gain real-time insights into their portfolio’s performance, regardless of their location across the globe.
The new app marks a significant milestone in PropHero’s mission to democratize property investment knowledge. Initially introduced as an exclusive client-only feature known as the “Track” module within the primary PropHero app back in April, this tracking functionality is now available to everyone as a free download on both Apple and Android devices. With this app, users can effortlessly consolidate all their investment properties into a single, user-friendly platform, providing them with valuable data on rental yields, capital gains, and cash flows. Moreover, the app acts as a proactive companion by offering insights into market trends, enabling market-relative comparisons, and identifying opportunities for enhancing property performance, such as rent increases or refinancing.
PropHero’s overarching vision is to simplify property investment, render it transparent, stress-free, and ultimately more lucrative for all.
Sophie Hayek, CEO Australia for PropHero, noted, “This year alone, we’ve facilitated property purchases exceeding A$100 million across Australia, Spain, and Indonesia for our clients. Our differentiating factor lies in our commitment to handling every aspect for our clients, utilizing our award-winning digital technology and professional team. We provide a holistic end-to-end service.”
She continued, “What follows the purchase of a property is just as crucial as making the initial investment. Our support doesn’t end with the transaction; we remain by your side throughout, ensuring you maximize your property wealth over time. As ardent property enthusiasts, we aspire to share the transformative potential of technology with as many people as possible. That’s why we’ve introduced the PropHero Portfolio app, completely free of charge.”
Key features of the app for investors encompass the ability to centralize global property holdings, monitor capital growth, observe rental yield trends, access cash flow insights, and receive real-time market updates.
David Alia, Chief Technology Officer for PropHero, emphasized, “We’ve crafted an intuitive and straightforward interface for our PropHero Portfolio app, ensuring it is fast, scalable, and highly user-friendly. There are no complex formulas or calculations; simply add your properties and commence tracking your portfolio’s performance.”
He went on to explain, “The app will also keep users informed about changes in interest rates and other pertinent market data, making it a tool for wealth creation that extends beyond mere tenancy administration. Over time, we plan to enhance its capabilities, encompassing everything you need to chart your path to financial freedom through property wealth creation.”
Over the past two years, PropHero has facilitated property investments for over a thousand clients in Australia, Spain, and Indonesia, garnering multiple accolades within the industry. The company’s investment strategy blends data-driven insights and AI with a network of trusted local property market experts. As a result, PropHero’s investments in the Australian market saw a remarkable increase of 12.1% over the past 12 months, in stark contrast to the overall market’s decline of -1.1%, according to CoreLogic data.
The introduction of the PropHero Portfolio app has been met with enthusiasm from industry partners as well.
Suvidh Arora, CEO and Chief Solutions Officer of Cinch Loans, commented, “As a mortgage broker, this new app is a game-changer for my investor clients, who can now conveniently monitor their property portfolios all in one place. What’s more, the app provides timely notifications regarding changes in interest rates or increases in property value, enabling clients to explore options like refinancing to save money or securing an equity release loan for a new investment property deposit.”
