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13 June 2022 by Jennifer Harrison
At Proptech Association Australia's Proptech Awards 2022, Downsizer won "Proptech to Watch."
This award is sponsored by IdeaSpies.
Downsizer offers home buyers a cashless deposit bond, backed by existing home equity, to buy a new home.
It solves a perennial problem for owner-occupiers: how to fund the deposit on your new home before selling your current one?
Traditional finance solutions like bridging loans don’t work well for older Australians because they are predicated on passing income-based affordability assessments.
Downsizer was chosen for solving a significant pain point, innovative application of smart contracts on blockchain, and excelling at proptech delivery.