With Australia?s property market red hot, Perth-based start up Realty Assist has raised $24M to fuel rising demand for its digital buy now, pay later real estate finance products.

Instead of waiting for property deals like settlements to come through, Realty Assist allows members to access their funds quickly - an advantage in competitive markets where sellers are looking to buy another property.

This ?Afterpay? style of real estate is rising in popularity globally as Realty Assist rides a wave of demand in Australia, inking deals with The Agency, Laing+Simmons and scores of LJ Hooker and Ray White branches nationally.

To keep up its momentum, the start-up has just raised $4M through a capital raise led by CPS Capital, and also secured a $20M warehouse funding facility.

?Realty Assist has earned financial backing from investors and is growing a large client list at the perfect time ? right before the Australian summer when we expect there will be a surge in demand for properties across the nation, especially as major property markets like NSW emerge from COVID lockdowns and life begins to open up again,? says Realty Assist?s CEO Sam Rettke.

Realty Assist received early backing from Matt Lahood, CEO of The Agency, who says Australia?s hot real estate run looks set to continue.

?On last count I think there were 40,000 expats still trying to come back to Australia ? and so a large percentage of them are going to want to buy. I think that?s going to give us a real run ? a lot of them won?t be coming back this side of Christmas, so it looks like the growth will continue at least all the way through to mid-year next year,? he says.

In October 2021, CoreLogic valued Australia?s real estate market at $9 trillion ? but with NSW now out of COVID lockdown and Victoria reopening, Realty Assist is confident the nation?s property market could grow even more into the new year.

?We started Realty Assist after having been in real estate for many years and encountering the same bottlenecks over and over ? we knew there had to be a better way of financing property, so we built it,? Mr Rettke says.

The boutique Perth-based stockbroking firm CPS Capital led Realty Assist?s capital raise. Managing Director of CPS Capital, Jason Peterson, says, ?Client appetite was extremely strong from sophisticated and professional investors across the globe for both equity and debt offerings.?

?We look forward to developing a long-term relationship with Realty Assist which is disrupting the Real Estate sector?s financial life cycle by utilising technology and creating a seamless user journey.?

With a fast-expanding Australia-wide presence and a growing list of real estate sector backers, Realty Assist is changing the way properties are bought and sold in Australia, making the process faster, smoother, and more profitable for its members.