AssetOwl Limited announced the signing of its first NSW agency (Lloyd Property Agents) onto its Pirsee property inspection platform. Achieving this milestone heralds the entry of AssetOwl into NSW. The NSW entry is a significant milestone for the Company.

Around Australia, residential property inspections are highly regulated at state level, which means that each state represents a discrete market for rental inspections. It is estimated that 810,000 of NSW households rent privately, well over three times the size of AssetOwl's first market for Pirsee, the Western Australian private rental market1. Pirsee's launch into NSW follows its launches into the Victoria and Queensland markets.

In addition to achieving NSW entry, AssetOwl also advises that work has commenced on the South Australian version of Pirsee, with this version expected to be released in the first quarter of calendar year 2023.