Chris Spanos, our very own General Counsel & Executive Director, appears on Unissu Connect. The Connect resources are a collaboration between Unissu and key influencers who are helping explain innovation in the property world.
Watch the video here on Unissu Connect.
Chris explains why increasingly accurate Automated Valuation Models (AVMs) are so important, and how Machine Learning coupled with existing physical appraisal techniques can lead to a future where AVMs might become the de facto appraisals/valuations that lenders and the public rely upon for property transactions. He draws on the work of Nobel Prize Winner George Akerlof's 'The markets for lemons' and how this applies to the efficiency of the property market in Australia.
Special thanks to S&C resident Bake - the content agency. for filming this series in Sydney. James Dearsley Marie-Anne Lampotang Jacqui Duncan Proptech Association Australia
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