Melbourne startup The Room Xchange has launched a mandatory verification feature on its home sharing platform.
Founder and CEO Ludwina Dautovic said the new The ‘Verified’ feature also ensures that all profiles are real and current, with the site’s search algorithms that simplify the matching process, making it easier for people to find the right roommate based on personality, values, and lifestyle.
At a time when it is becoming more difficult and expensive to find rental housing, and older women in particular are at a disadvantage, Dautovic wants to make it easier for like-minded people to share a home.
“The housing market needs a shake-up. It is no longer the domain of 20-year-olds,” she said.
“Due to rising house prices, more and more people are renting. Conversely, there is a wider group of people who choose to rent their spare room who are looking for a high level verification and matching process.”
She said The Room Xchange’s digital iD is comforting to households knowing that their new roommate has been verified using some form of government identification. The platform also introduced a rent offset function that allows boarders to partially or fully compensate their rent by doing extra work around the house such as cooking, cleaning or walking the dog.
Dautovic said the platform also provides comprehensive resources for both households and roommates, from Frequently asked questions, about templates and a podcast to help everyone better rent.
PRD Real Estate Chief Economist dr. Diaswati Mardiasmo said The Room Xchange reflects the shift in Australia home sharing and rental demographics
“There is a new breed of tenants and they are looking for more than just a temporary place to stay. They are looking for a home with people they are compatible with,” she said.
First National Real Estate CEO Ray Ellis said The Room Xchange “deals with the age-old problem of finding the right roommates, but with the application of modern personality and lifestyle modification, as well as the ability to receive rent for a room or offset the rent against household expenses.” help. The appeal is universal.”