Archistar (founded in April, 2010) is a property technology company,[1] that uses artificial intelligence algorithms to generate building layouts.[2][3]
Archistar was founded by Dr. Ben Coorey, a regenerative designer.[4] By the Digital Design 2020 event, organized by the Institute of Digital Design Australia (IDDA), Archistar had developed a program (the Archistar Parametric Site Maximiser - APSM) which could work out analytics of architectural designs and give "real-time analytics with no coding required"[5], mixing technology and real estate.[6][7]
In 2019, CoreLogic and Archistar reviewed over 500,000 properties across Australian cities (Sydney, Melbourne and Brisbane),[8][9] in a bid to "meet the demand for more affordable housing",[10] they identified the properties suitable for granny flats which added up to 30 percent of the value of properties for their owners.[11][12]
In 2018, former CEOs of Foxtel, CoreLogic and CBRE invested in Archistar's PropTech project, this artificial intelligence platform (APSM),[13][14] enables users to assess potential value of developmental sites and know which projects were allowed on developmental sites in Australia.[15][16]
In 2020, the Government of New South Wales integrated Archistar into their Spatial Digital Twin Map for City Planning.[17][18]
↑Karen</a>, <a href="/author/skaren" title="View all articles from Sasha Karen">Sasha; Karen, Sasha (2019-06-17). "Suburbs that could jump 30% in value revealed". www.smartpropertyinvestment.com.au. Retrieved 2020-04-30. {{cite web}}: |first= has generic name (help)