Media Release
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Jellis Craig Stonnington Leases Australia Properties Faster and Cuts Costs with Matterport

Leading agency successfully leases properties during lockdown, while doubling agent productivity and reducing annual operating expenses

SYDNEY, June 8, 2021 /PRNewswire/ -- Matterport, Inc., the leading spatial data company driving the digital transformation of the built world which has entered into a definitive agreement to enter into a business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU, and GHVIW), today announced that one of Australia's leading realtors for sought-after Melbourne real estate, Jellis Craig Stonnington, is accelerating its use of Matterport 3D technology to power and differentiate its high-end property listings with more authentic and immersive real estate experiences for customers. Using Matterport, Jellis Craig Stonnington reduced its annual operating expenses by nearly AUD$200,000, achieved significant sales conversions, and leased 80 properties sight-unseen during a three-month period.

Jellis Craig Stonnington has also realised a number of business efficiencies using Matterport. The company doubled the productivity of its agents with more streamlined operations driven by virtual viewings. With 3D listings available to prospective buyers or tenants globally, Jellis Craig Stonnington has closed sales or lettings directly with interstate- or internationally-relocating clients, reducing its reliance on global relocation agents. Jellis Craig Stonnington estimates that its transition to listings with Matterport 3D experiences has saved it between $150,000-$200,000 per year.

New research from Matterport confirms growing demand for 3D listings, with data showing that 72% of renters would lease an apartment or home without ever seeing it in person if it included a 3D tour. 95% of people surveyed said they would be more likely to rent a property if its listing included a 3D tour. Matterport provides dimensionally-accurate digital twins filled with rich data to power 3D listings, enabling potential buyers and renters to view, interact with, and more deeply understand properties. Matterport's add-on features and integrations also give greater insight into properties - both for potential buyers and sellers, as well as real estate agents.

Jellis Craig Stonnington is also leveraging Matterport's platform integration with PHORIA which unlocks detailed intelligence and listing performance analytics to provide an in-depth view of how clients interact with listings, including what rooms and spaces they look at and for how long. This information enables Jellis Craig Stonnington to better understand prospective buyer engagement with a listing, such as comparing which rooms are being viewed within a property and making adjustments if inquiries are fewer than anticipated.

Sam Nokes, Head of Property at Jellis Craig Stonnington, commented: "Matterport technology aligns with Jellis Craig Stonnington's commitment to progressive thinking and innovation. As one of Melbourne's first realtors to adopt Matterport, we initially added 3D virtual tours to rental listings about four years ago. Since then, we have seen demand for 3D virtual tours quadruple, as clients are impressed by their authenticity. Matterport has enabled Jellis Craig Stonnington to win new business, as clients know our listings reflect the true condition of properties. We saw a surge in demand during the pandemic which has continued, and we plan to continue using Matterport going forward."

Bruce Wells, Asia Pacific Managing Director at Matterport, commented: "Melbourne's real estate sector is one of the most competitive in Australia, so estate agents must constantly differentiate to win clients. Matterport's technology enables real estate agents to achieve an edge through authentic, immersive and navigable 3D experiences, detailed analytics, and efficiency gains. By leveraging Matterport's powerful insights and integrations, Jellis Craig is positioning itself at the forefront of the sector's rapid transformation, which harnesses technology to drive deeper understanding and analysis of listing performance."

About Matterport
Matterport is leading the digital transformation of the built world. Our groundbreaking spatial computing platform turns buildings into data making every space more valuable and accessible. Millions of buildings in more than 150+ countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at matterport.com and browse a gallery of digital twins.

In February 2021, Matterport announced that it has entered into a definitive agreement to enter into a business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU, and GHVIW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, that will result in Matterport becoming a publicly listed company. Upon closing of the proposed business combination, the combined company will be named "Matterport, Inc." and intends to remain listed on NASDAQ under the ticker symbol "MTTR."

©2021 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners.

For more information, please visit https://matterport.com/en-gb

About Jellis Craig
Jellis Craig is a leading real estate group based in Melbourne, Australia, that is distinguished by a commitment to progressive thinking and innovation. Founded in 1991, the company specialises in selling and leasing high-end properties in and around the Australian state of Victoria.

For more information, please visit https://www.jelliscraig.com.au/

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Source: Matterport via PRNewswire

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