DIYBA, a PropTech startup, has unveiled its unique platform that empowers ordinary Australians to act as their own buyer’s agents. By leveraging PropTrack and Domain’s latest property data, along with cutting-edge AI technology, DIYBA enables buyers to gain exclusive access to expert industry knowledge and invest like professionals at a significantly reduced cost. The Australian property market has never seen anything like this before, and the platform’s goal is to democratize access to expert guidance and industry knowledge, making it easier for more Australians to enter the market through strategic investment purchases.
DIYBA was founded by investment property experts and buyer’s agents, Darren Venter and Bobby Haeri. They created this platform to provide every investor with the necessary knowledge and tools to make informed investment decisions. The platform is powered by live, fundamental data and industry expertise.
According to Venter, the team wants to simplify and make property investment accessible to everyone. Traditional buyer’s agency costs can be exorbitant and put property investment out of reach for everyday investors. On the other hand, relying on Google for guidance can be a risky proposition. While there are courses available that teach people how to search for investment property markets, they can cost thousands of dollars. In contrast, DIYBA offers access to not only the markets but also the best properties within them, at a fraction of the cost. The platform provides buyers with the opportunity to navigate the journey on their terms while accessing the latest insights. Venter believes that this innovative platform will be a game-changer for the Australian property market.
The self-service platform of DIYBA comprises of three simple steps.
- The DIYBA algorithm acts as an AI matchmaker to assist in identifying strategic investments. By utilizing a user’s input on budget and investment objectives, the platform provides a curated feed of high-performing assets from the strongest markets across Australia. To ensure quality, all markets and property formats are pre-qualified by leading industry experts and are given a DIYBA score based on data-driven factors such as market growth, gross yield, and potential return. Buyers have the option to filter markets according to their preferred price or investment objective, and can access market profiles provided by DIYBA. These profiles include valuable information such as median prices, demographic data, infrastructure details, and more, which aid in understanding the potential of each market.
- After sorting out their finances, buyers can utilize DIYBA’s step-by-step buying plan to navigate the purchase process. This comprehensive plan will assist buyers in conducting their due diligence and validating their purchase, including evaluating areas such as pest and building inspections, flood and fire zones, rental rates, and insurance costs. The plan provides an actionable to-do list that breaks down each step, making the process simpler and more manageable.
- DIYBA’s dashboard enables investors to efficiently manage their investment portfolio. With this platform, investors can easily add their new investment purchases and import their existing properties into a single, user-friendly online portfolio. The portfolio provides real-time updates on data related to potential equity, cash flow projections, and yield percentages. Additionally, investors can set equity targets and receive alerts when they are reached, which is particularly helpful if they are considering expanding their portfolio. Overall, DIYBA’s portfolio management dashboard streamlines the investment process and helps investors make informed decisions about their investments.
DIYBA provides subscription plans on a monthly, quarterly, and yearly basis, with options available for as low as $299 per month. Moreover, for those who want a professional buying team to handle the purchase process, DIYBA offers a “done-for-you” service called Buy By DIYBA, which can speed up the process.
According to Haeri, many people find it extremely challenging to enter the property market at present. As a result, a significant number of them resort to “rentvesting” for their initial purchase. However, seeking professional advice can be expensive, leaving many individuals stranded and making poorly informed decisions that may prove costly in the long run. To address this issue, DIYBA has created a platform that aims to democratize access to the same insights that buyers would typically receive through an in-person buyer’s agency experience. By digitizing the process, DIYBA allows individuals to DIY the process at the click of a button. Haeri believes that DIYBA’s platform might one day put them out of a job!
About Bobby Haeri & Darren Venter:
Bobby Haeri and Darren Venter, co-founders of DIYBA, have extensive industry experience spanning more than two decades. Their fervent enthusiasm for real estate and its potential to generate wealth is unmatched.
In their roles as buyer’s agents and as Directors of The Investors Agency, Bobby and Darren comprehend the expenses associated with a buyers agency operation, which can deter ordinary investors from pursuing this investment path. Consequently, they established the DIYBA platform, which provides investors with the industry know-how and expertise required to make investments independently, at a fraction of the cost.
