A new app designed by a non-major bank aims to reduce the amount of time and money consumers spend searching for a home.
The new UrHome app by UBank is free to use and offers a “one-stop shop” service for users looking to buy property.
The launch of UrHome comes as research by UBank revealed that it takes the average Australian over six months to find a home, racking up $580 in associated expenses before an offer is even made.
The research also found that three in four Australians believe house hunting to be a major cause of disagreements with their partners and family.
“The UrHome app was created with our customers and their needs in mind,” UBank chief executive Lee Hatton said.
“We know that home buying and renovating can be complicated and stressful, and the current environment is compounding those issues.
“We’re uniquely placed as a digital bank to find industry-leading solutions to these problems. From the customisation tools, to the unique view into renovating, to one of the fastest home loan applications on the market, we believe the UrHome app is going to help all Australians better navigate the property market.”
UrHome can be downloaded through Apple and Android stores.