Winner 2023

The Room Xchange, a forward-thinking and innovative leader in the house-sharing industry, has been awarded a 2023 Global Recognition Award for their outstanding contributions to solving Australia’s housing and rental crisis.

At the heart of The Room Xchange’s success is their ability to address the problem of unused spare bedrooms across the nation. By unlocking this existing housing stock, they not only tackle the issue of rental market scarcity but also alleviate mortgage stress for homeowners.

Their unique approach ingeniously benefits both sides of the marketplace, offering a fresh solution to an age-old problem. What sets The Room Xchange apart from competitors is their unwavering commitment to user security and satisfaction. By requiring all users to undergo Digital iD verification through their partnership with Australia Post, The Room Xchange ensures that all profiles are genuine and trustworthy.

This dedication to safety and transparency has proven to be invaluable in building a strong and reliable community of users. Furthermore, The Room Xchange’s unique Rent Offset model demonstrates their flexibility and adaptability in catering to the diverse needs of their clientele. By allowing homeowners to negotiate rent offsets in exchange for assistance around the home, they empower users to optimize the use of their spare rooms according to their specific needs.

This inventive approach addresses the worker shortage in Australia and provides alternatives to traditional rental arrangements. Despite the challenges faced during the COVID-19 pandemic, The Room Xchange has remained resilient and adaptive. Their extensive growth in the last 12 months testifies to their ability to rise above adversity and come out stronger than ever. With the introduction of monetisation packages and premium services, such as their popular Matchmaking Service, The Room Xchange continues to innovate and evolve their business model.

A number of awards and accolades, including being named a finalist in the 2022 Proptech Consumer Scale Up and recognition as a top 10 Women Entrepreneurs in Australia, demonstrate the respect and esteem that The Room Xchange has garnered within the industry. Their impact is far-reaching, with over 5,000 users in Australia and international interest spanning 59 countries.

In conclusion, The Room Xchange’s impressive accomplishments and unwavering commitment to innovation and excellence make them a deserving recipient of a 2023 Global Recognition Award. Their groundbreaking solutions and dedication to transforming the housing and rental market in Australia will undoubtedly have a lasting impact on the industry and the lives of countless individuals.