Tag: Real 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