Imagine off-the-plan apartment adverts in the year 2025. “We offer pool, gym and driverless cars.”
But this advert is for apartment complexes in China.
The opportunity for property developers to take the initiative on driverless cars (DCs) is immense but has not been properly addressed in Australia, until now…
…or more precisely, until 28 October 2019 at my Driverless Cars – From China to Cherrybrook, (Sydney) seminar, organised by BasisPoint in association with Deloitte.
In a nutshell:
- DCs will be the most visible technological advancement in the past century that directly impacts the entire population in both developed and developing nations in terms of the work-home-wealth balance. (other technology such as telecommunications, the internet and electricity have not impacted all the underlined points).
- China is moving fast towards mass-market DC implementation, seeking to gain geopolitical advantages and to set global DC industry standards, particularly in nations linked with their Belt and Road plan.
- In Australia, property developers and property owners will benefit most from DC adoption that solves the first and last mile of home-work-home.
- But as my friend and former IBM regional head of IOT, Erik Elzerman says, “the analogy of trains and localised DCs is like fibre to the node – the trains are the fibre technology for NBN but the problematic last mile is still the old copper wire (walk or have someone drive you to the station) until DCs are adopted”. Erik is speaking at the DC seminar 28 Oct.
- Large property developers will be competing with venture capitalists in the DC and intelligent transport sector to invest in DC business models.
- There are three phases in DC implementation, with first/last mile for developers as phase one.
- Work-home-wealth models will be impacted due to property valuation changes in people’s homes (their biggest asset).
- Regional and rural Australia will also benefit, as will tourism and high-value retail product distribution.
- The DC and intelligent transport sector (ITS) in general have not yet fully recognised the potential investment backing from the property industry.
I will explain more at my DC seminar.
Robyn Preston, Chair of the Transport and Infrastructure Committee, NSW Parliament, will open the seminar
Nicki Hutley, Partner at Deloitte Access Economics will discuss the economics and liveability impacts of DCs
Erik Elzerman, former IBM regional head of IOT will discuss the strategic tech aspects
Rick Alloggia, who led the development of several master planned communities including the Sydney Science Park, will also share his insights
Please register now to take advantage of the early-bird rates and I hope to see you on the 28th Oct.