42. Hutly
Hutly sought to disrupt an outdated industry, making real estate processes more transparent. See their Smart50 rank.
Revenue: $4.9 million
Growth: 34%
Founders: Jeremy Hastings
Head office: Teneriffe, QLD
Year founded: 2018
Employees: 40
Industry: Real Estate & Construction
Website: hutly.com
How Hutly started
Hutly founder Jeremy Hastings had experienced the struggles of the rental market and the flaws of the traditional property management system. He felt compelled to explore how technology could offer a solution, despite, not having a tech background. Established in 2018, Hutly sought to disrupt an outdated industry, making real estate processes more transparent, equitable, and secure. The platform handles real estate contracts, data, and payments – providing landlords, property managers, tenants, and buyers real-time insights.
Growth
In 2023, Hutly led the acquisition of the Real Estate Institute of Victoria’s PropertyData platform and also acquired our largest competitor, ADL Software. In 2024, the company took its mission further by launching Bondable, Australia’s first tech-driven subscription rental bond service. It rewards tenants with good credit and rental histories while solving offboarding issues for landlords and property managers.
Where to next
The real estate industry is in the throes of digital transformation, and the true revolution lies in enhancing and securing transactions through blockchain technology. Hutly is therefore collaborating with Redbelly to tokenise over US$1.8 billion in rent rolls, making them tradeable in real time. Its new platform, Hutly Pay, streamlines payments between buyers and sellers, eliminating trust accounts and reducing decentralisation risks. It is also expanding Bondable into New South Wales.
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