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Tag: Investment

InReal Estate

Virtual reality for off-the-plan sales on the rise

Virtual reality is being used to give potential residents a better understanding of what living at Lendlease’s Melbourne Quarter will be like, offering hope that fewer resources can be consumed to promote and visualise new property development. “Virtual reality goggles give buyers the chance to step inside residential amenities like swimming pools, gyms, spas and our New York-style Skypark before they have been built to experience the precinct in real time and scale,” The use of VR is on the rise in residential developments and could have implications for sustainability, with the potential for dematerialisation through the phase-out of traditional display suites – and with the rise of home VR systems, there’s the potential for people to cut out travel and do their inspections at home in future
InMarket Analysis

Virtual and augmented reality to become an $80 billion market by 2025

The race for the next computing platform may be over. Heather Bellini of Goldman Sachs Research expects virtual and augmented reality to become an $80 billion market by 2025, roughly the size of the desktop PC market today. In this video, Bellini discusses how the technology has improved since earlier launch attempts and how it’s already transforming sectors like real estate, healthcare and education.