The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
25 DAYS UNTIL OUR UNMISSABLE FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
25 DAYS UNTIL OUR FLAGSHIP CONFERENCE 29-31 JULY, GOLD COAST
SECURE YOUR SPOTDETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
31
print
Print
Real EstateTed TabetTue 20 Nov 18

Melbourne Start-Up Allows Buyers to Target Off-Market Homes

f87925bb-dea1-455f-8cff-81e91c6d0907

A Melbourne-based proptech start-up is striving to re-engineer the real estate market status-quo.

The fledgling property platform, Nokk, connects buyers directly with owners in an attempt to bring offline houses online through a digital conversation or door knock.

Owners are given the opportunity to post their homes for free and if they chose to do so, anonymously.

If an offer is made within the owners price range a conversation with the qualified buyer can begin.

The software aims to avoid real estate agents or listed properties, focusing exclusively on un-listed real estate.

The startup was founded by former commodities banker William Evans, along with Ben Voltz, co-founder of the popular marketing tech startup Rokt.

After stepped down from the day-to-day operations of Rokt, Voltz came up with the idea for Nokk after struggling to find the right house in a sought after suburb of Albert Park in Melbourne.

Voltz found that a mere 15 properties were listed at any given time out of 5,000 potential properties, with only one within his price range.

After numerous letter box drops enquiring if owners might be interested in selling, Voltz came up with the idea to connect owners and buyers in real estate, similar to modern dating applications.

"It was glaringly obvious” Voltz said.

"I could not believe the response rate to these letter drops, there are so many latent properties willing to have a genuine conversation at the right price.”

Nokk was eventually given the tick of approval by high-profile venture capitalist Cadmon Ventures, managing director of Cameron Low, in the form of a $1 million injection.

The real estate software, now 18 months old, has already on-boarded 7,000 users and has almost 3,000 properties currently listed.

“Our goal is to have hundreds of thousands of Australian properties on the platform within 18 months,” Voltz said.

ResidentialAustraliaTechnologySector
AUTHOR
Ted Tabet
The Urban Developer - Journalist
More articles by this author
website iconlinkedin icon
ADVERTISEMENT
TOP STORIES
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
Molti chief Ben Teague out front of 32 Mercer Road Aramadale (rendering)
Exclusive

Buy to the Sound of Cannons: Molti’s Counter-Cyclical Move to Melbourne

Leon Della Bosca
5 Min
Exclusive

Tapping the Bunnings ‘Halo Effect’

Taryn Paris
5 Min
Exclusive

‘Construction Not a Scale Game’: Hutchinson

Phil Bartsch
9 Min
Nation's build-to-rent project Charlie Parker in Sydney's Parramatta where more projects are being located and built outside the CBD.
Exclusive

Foreign Capital Still Dominates BtR but Things are Changing

Marisa Wikramanayake
7 Min
View All >
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
Going private means plans to focus on logistics and data centres across the Asia-Pacific region can accelerate, ESR says…
LATEST
Exclusive

Carparking Correlation: How Parking Fees Provide Office Sector Health Check

Taryn Paris
6 Min
The construction site which will one day become Newcastle Tallest Tower by Urban Property Group
Residential

Urban Property Group Reveals Newcastle Tallest Tower Plan

Renee McKeown
3 Min
ESR building ESR completes delisting
Industrial

ESR Reveals New Team After Hong Kong Delisting

Leon Della Bosca
3 Min
the four concept towers approved for sydney metro's parramatta precinct
Development

Rush of Approvals Sends Parramatta Skywards

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/melbourne-prop-tech-start-up-targets-off-market-homes