The journey of finding a new home is a shared experience filled with both difficulties and triumphs. Many of us can relate to the time-consuming task of searching through multiple websites to find the right place that fits our unique requirements. But what if there was a solution to simplify this process and match our needs more effectively? And how can CDR have a role in this?
Most of the time, we need somewhere that sits in the magic zone (close to work/school/transport/groceries). Has the right amount of rooms. Somewhere that has a garden and accepts our furry friends. And most of all, fits in our budget. Oftentimes we make trade-offs. We all have that one friend that eventually says, “we found the perfect home! It’s huge. 4 bedrooms, a backyard. Perfectly in our price range. Just a 3 hour train ride to work”. Even after we reach our goal of finding the close-to-perfect home, there’s the dance of setting everything up. Finding the right utilities suppliers, setting up payment methods, the list goes on.
So how does the new Australian Consumer Data Right ecosystem come into play?
Imagine a CDR enabled app. For the purpose of this story we’ll call it Home.
You realise your current lease is coming to an end and you’re ready to try something new. You look up ‘moving app’ and a few options pop up. Most of the results are your standard real estate apps, but you notice Home. You recall a colleague mentioned using it to move recently and was overjoyed by how easy it made their moving experience. You read a bit more into it and find that the app is one of few that has CDR accreditation. So you decide to try it out.
Home search streamlined
You sign up, answer a few prompts and are guided through a consent experience to share your data. The experience is clear, simple and delightful. Helping you to feel comfortable to share sensitive data like your bank and transaction data, conveniently and securely. Once this is done, you put in a few filters (location, type of property etc). Being CDR enabled, the app then analyses your income and spending behaviours and suggests homes to you based on what you’re likely to be able to afford. The results match your requirements perfectly, leaving you with the simple task to pick the one that feels
most you.
Through the app you connect with the real estate agent, organise an inspection, attend and submit your application. You were able to demonstrate your current employment status and income through Home and CDR without the usual headache and paperwork. The application is approved and you’re set to move into your new home in 2 weeks. The following day the ‘Home app’ sends you a notification to get your energy and internet set up with providers that meet your needs. You share the energy and internet usage data from your previous property and get a range of options to match your usage, your values and your budget. Brilliant.
With a few clicks you’ve found your gas, electricity and internet provider, and enabled payments for your bills, with notification preferences selected in one fell swoop. You’ve even had appointments with the technician to set up your home internet at a time that works for you. All scheduled through providing secure permissions to your calendar and consent for Home to act as your digital assistant. All sorted.
Transform your home journey with CDR
Your previous and new property are smart metered too so Home is able to give you tips on ways to save on energy usage like when’s the best time to wash and dry clothes and even options on the best light bulbs that are affordable to you and better for the environment.
These types of journeys are possible with CDR. With banking and energy now live with data sharing, telco coming and action initiation on its way our ways of life are really set to change. Saving people time, energy and money. Removing the pains of life admin that take us away from the things that truly matter.
We hope you enjoyed this CDR-Mini-Story, part of our new series on visionary and future CDR use cases. Click here to read our next article. Imagining CDR in Agriculture
