March 14, 2023
Industry Insights

Why Adopting Smart Home Technology is a Smart Idea

News & Insights
Smart homes allow homeowners to control and monitor various functions remotely using their smartphones, tablets, or computers, with the technology identifying the voice of users and giving personalised responses.

In recent years, the demand for smart home technology in Australia has grown significantly. In fact, research shows that in 2022, the Australia Smart Home Market was valued at $4.5 billion and is expected to reach $8.02 billion by 2028 (Renub Research). Australians have certainly embraced smart home devices, with almost two-thirds of households having at least one smart home product (Telsyte).

What makes a smarter home?

Smart home technology refers to the use of advanced automation systems and connected devices to control and monitor various functions within a home. This technology has become increasingly popular as more homeowners look for ways to enhance their living experiences and increase the convenience and efficiency of their homes. 

To qualify as a smart home, a property must have a smart security or temperature feature, plus two or more elements from a vast range of smart products such as Amazon Alexa, Google Home, security lock and home security systems, surveillance cameras, heating and cooling, lighting, kitchen appliances, vacuums, health and fitness devices, and outdoor appliances. 

Smart devices for a home allow homeowners to control and monitor various functions remotely using their smartphones, tablets, or computers, with the technology identifying the voice of users and giving personalised responses. Homeowners can adjust settings or receive alerts from anywhere in the world, providing peace of mind whilst also saving time and money. 

Why smart homes are on the rise  

Factors like rising disposable incomes and changing lifestyles are major contributors to the growth rate of smart homes. Increasing availability and affordability are also contributing to the demand, making it easier for homeowners to find smart products to suit their needs and budgets. The growing demand has also been driven by the desire for more sustainable and energy-efficient homes. Many homeowners are now looking for ways to reduce their energy consumption and carbon footprint, and smart home technology can help them to achieve this by enabling them to monitor and control their energy usage more effectively. 

Can you turn an old house into a smart home?

Yes, it is possible to transform an old house into a smart home. With the right devices and setup, you can fit out an older house to incorporate smart features. From security to lighting, temperature control and even entertainment systems, it’s all about finding the product to suit. From there, you can build a hub that connects all these different components, creating your own smart home system.

Do smart homes need WiFI?

Yes, generally a smart home will need a stable internet connection. For many homes, that is typically provided through WiFi. Smart devices are usually connected to a home’s WiFi, allowing the devices to communicate with each other. In turn, that gives the homeowner total control over the devices in their smart home network. 

What are the benefits of a smart home?

From increasing safety to reducing energy bills, there are a range of benefits to investing in a smart home system. Here are just a few examples:

  • Many smart home products increase safety and security for families and pets. Devices like smart locks, security cameras and motion detectors can provide real-time alerts and remote monitoring capabilities.
  • Controlling everything from your phone, tablet, or computer is not only convenient, it also means a household can be managed more efficiently. 
  • Smart technology can be used to assist and support seniors, helping them to maintain their independence. Devices can assist them in their daily lives with diet, medication, exercise and even with their sleep. 
  • The technology empowers individuals with special needs, making daily life easier and more convenient. Voice controlled devices and automated systems can be used to give the person complete control of their environment. 
  • Smart lighting, heating, and cooling systems can reduce energy use by up to 50% by adjusting lighting levels, temperature controls and other systems based on the time of day.
  • Each smart home element added to a home increases resale value as home buyers become even more drawn to the features offered by smart homes.
  • Some home insurance companies reduce their premiums by up to 20% for homes that have smart security systems installed. 
  • The Australian government has introduced incentives to encourage the adoption of smart home technology. 

It (literally) pays to invest in smart technology products for your home. There are many websites dedicated to finding the best current devices, it is simply a matter of choosing the products that will suit you and your family’s needs now and into the future.

Should you require advice on any aspect of selling your property, contact our Marshall White Sales Team for assistance.

For more information contact us on (03) 9822 9999.