{"id":20855,"date":"2018-04-18T01:00:06","date_gmt":"2018-04-17T15:00:06","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=20855"},"modified":"2018-04-18T01:00:06","modified_gmt":"2018-04-17T15:00:06","slug":"building-homes-for-the-future-steve-sammartino","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/","title":{"rendered":"Building homes for the future \u2013 Steve Sammartino"},"content":{"rendered":"

We talk to a business technologist who describes what he does as looking at the impact that technology is having on economics and businesses. Steve Sammartino<\/strong> helps companies mash up the pieces of the future so that they can sustain their business model and move to where people are going.\u00a0 The impacts on property are enormous.\u00a0 Steve explains.
\nTranscript:<\/strong>
\nKevin<\/strong>: \u00a0Earlier in the show, I was having a chat to Kathleen Norris, who was one of the speakers at the UDIA Congress. Another one of those speakers is Steve Sammartino who joins me now. Steve is a futurist and a business technologist.
\nGood day, Steve. How are you doing?
\nSteve<\/strong>: \u00a0How are you?
\nKevin<\/strong>: \u00a0Good, mate. Hey, what is a business technologist? What do you do?
\nSteve<\/strong>: \u00a0I look at the impact that technology is having on economics and businesses. You might have heard that word \u201cdisruption,\u201d but basically, I help companies mash up the pieces of the future so that they can sustain their business model and move to where people are going.
\nIt\u2019s really the mash up of new technology, emerging technology, and how they\u2019ll be used to solve people\u2019s problems and making sure that companies have the right strategy and infrastructure in place to serve their customers.
\nKevin<\/strong>: \u00a0One of the big challenges, I think, for business right now is working remotely, or this working-from-home revolution, which has been brought on, I guess, a lot by the Internet. Is that framing a lot of how business is operating now?
\nSteve<\/strong>: \u00a0It\u2019s not framing it as much as it should. And I have to tell you, for me, this is one of the opportunities for companies to save cost, have more productive and happy employees. And too few of them are embracing it.
\nI think the reason that they\u2019re not embracing it is because we have this industrial mindset where we see the manager walking around with a clipboard making sure everyone\u2019s doing what they\u2019re told, treating people like children, maybe, instead of adults.
\nIf you think about the corporate Taj Mahals that many companies have, they could be a lot smaller. And yes, we need social interaction, but I don\u2019t think we need to hop in a traffic jam every day to go and sit next to someone five days a week just to do our work and then drive home in a traffic jam. We could shrink offices and work remotely far more often than we do.
\nKevin<\/strong>: \u00a0That\u2019s very old thinking, isn\u2019t it, the thinking of walking around with that clipboard and so on? But don\u2019t you think the younger generation of business owner or entrepreneur is certainly changing the way that we do business, Steve?
\nSteve<\/strong>: \u00a0Yes, they are, absolutely. And if you see small companies and startups, they tend to be far more remote and mobile with their workforce
\nIn some ways, you could actually say that the revolution we\u2019re living through is almost a mobility revolution. It\u2019s mobility of ideas, of information, of currency, of products, being able to ship things around the world, so that mobility there, and it should be the same for workforces.
\nStartups tend to have that, and smaller companies, but big established companies, it\u2019s very, very rare. The only super-big company that I can think of that has no offices is WordPress. This company, WordPress, they host 24% of the Internet, and they don\u2019t have an office. They\u2019re a multibillion-dollar company with no office. You work from wherever you want to work from and when people need to get together, they just jump on a plane and work on a project or catch up when they need to.
\nKevin<\/strong>: \u00a0Yes, it\u2019s interesting stuff. This, of course, is a property show, so I\u2019m interested to hear from you how you see this impacting how we build our homes and how we live in the future in our homes, Steve.
\nSteve<\/strong>: \u00a0I think that in terms of property, you\u2019re going to see massive capital growth in what I call the exurbs. An exurb is a place that might be one or two to three hours away from a major city, but often a place of great beauty. Maybe there\u2019s a beach or a hillside or a lake or it\u2019s on the river, and you can get a bigger place for far less money.
\nYou\u2019ll probably work, still, in a major city for a major corporation, but you\u2019ll work from home three days a week. You\u2019ll hop in your autonomous car \u2013 or your rolling office, I should call it \u2013 and slide your way in to the city for those two meeting days. But you\u2019ll be at home more often. You\u2019ll have a setup at home with virtual reality goggles in your place that\u2019s bigger than what you can afford in the city and more luxurious, maybe even for half the price.
\nSo, you\u2019re going to see people move away from suburban rings and, I think, into outer areas. In much the same way that the Model T Ford invented suburbs, driverless vehicles and virtual reality are going to invent a whole new way of living where we live away from major cities or right inside of them.
\nI think another thing that will happen, too, is that the major cities will become less about offices and corporations and more about living right in the major city, as well. So, it\u2019s going to be ride in and ride out.
\nKevin<\/strong>: \u00a0That raises another point that I wanted to ask you about, and that is for those people who have invested in those big-city offices spaces, what\u2019s going to happen to those? Will they be converted into living spaces?
\nSteve<\/strong>: \u00a0Yes, I think many of them\u2026 And you\u2019re already seeing it now in the major cities around Australia where many of them are getting converted into living spaces.
\nYou\u2019re going to see what we saw with the factories. As the factories closed down, what did they become? Groovy inner-city warehouse apartments and that type of thing. You\u2019re going to see that with skyscrapers, as well, that have cubicle farms inside of them. They\u2019re going to evaporate.
\nAnd the reason they\u2019ll evaporate is because big companies are driven by the spreadsheet and the cost of doing business. And you can pay someone maybe less and the person doesn\u2019t need to earn as much if they work somewhere away from the city. And you can have virtual offices because it doesn\u2019t cost anything. The tools of production in an office are so much lower, we don\u2019t have to centralize them.
\nKevin<\/strong>: \u00a0Steve, great talking to you. Steve Sammartino. Steve is a futurist, and he\u2019s been our guest today.
\nSteve, thanks very much for your time.
\nSteve<\/strong>: \u00a0Absolute pleasure.<\/p>\n","protected":false},"excerpt":{"rendered":"

We talk to a business technologist who describes what he does as looking at the impact that technology is having on economics and businesses. Steve Sammartino helps companies mash up the pieces of the future so that they can sustain their business model and move…<\/p>\n","protected":false},"author":176692471,"featured_media":20856,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10,11,13,35,36,22,25,27],"tags":[101],"class_list":["post-20855","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-development-topic","category-property-investment-topic","category-research-topic","category-sponsored-channels","category-trends-topic","tag-podcast"],"yoast_head":"\nBuilding homes for the future \u2013 Steve Sammartino - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Building homes for the future \u2013 Steve Sammartino - Realty Talk\" \/>\n<meta property=\"og:description\" content=\"We talk to a business technologist who describes what he does as looking at the impact that technology is having on economics and businesses. Steve Sammartino helps companies mash up the pieces of the future so that they can sustain their business model and move...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/\" \/>\n<meta property=\"og:site_name\" content=\"Realty Talk\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-17T15:00:06+00:00\" \/>\n<meta name=\"author\" content=\"rolanrush\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rolanrush\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/\"},\"author\":{\"name\":\"rolanrush\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"headline\":\"Building homes for the future \u2013 Steve Sammartino\",\"datePublished\":\"2018-04-17T15:00:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/\"},\"wordCount\":1169,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"keywords\":[\"podcast\"],\"articleSection\":[\"Kevin Turner\",\"Kevin's Update\",\"Latest Stories\",\"Property Development\",\"Property Investment\",\"Research\",\"Sponsored Channels\",\"Trends\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/\",\"name\":\"Building homes for the future \u2013 Steve Sammartino - Realty Talk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2018-04-17T15:00:06+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/building-homes-for-the-future-steve-sammartino\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Building homes for the future \u2013 Steve Sammartino\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#website\",\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/\",\"name\":\"Realty Talk\",\"description\":\"Your Trusted Voice For Property Investing. Anywhere, Anytime.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/#\\\/schema\\\/person\\\/384a57ac9e52cb9bf19896cb15eaa52d\",\"name\":\"rolanrush\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g\",\"caption\":\"rolanrush\"},\"url\":\"https:\\\/\\\/channels.realty.com.au\\\/realtytalk\\\/author\\\/rolanrush\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Building homes for the future \u2013 Steve Sammartino - Realty Talk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/","og_locale":"en_US","og_type":"article","og_title":"Building homes for the future \u2013 Steve Sammartino - Realty Talk","og_description":"We talk to a business technologist who describes what he does as looking at the impact that technology is having on economics and businesses. Steve Sammartino helps companies mash up the pieces of the future so that they can sustain their business model and move...","og_url":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/","og_site_name":"Realty Talk","article_published_time":"2018-04-17T15:00:06+00:00","author":"rolanrush","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rolanrush","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#article","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/"},"author":{"name":"rolanrush","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"headline":"Building homes for the future \u2013 Steve Sammartino","datePublished":"2018-04-17T15:00:06+00:00","mainEntityOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/"},"wordCount":1169,"commentCount":0,"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#primaryimage"},"thumbnailUrl":"","keywords":["podcast"],"articleSection":["Kevin Turner","Kevin's Update","Latest Stories","Property Development","Property Investment","Research","Sponsored Channels","Trends"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/","url":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/","name":"Building homes for the future \u2013 Steve Sammartino - Realty Talk","isPartOf":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website"},"primaryImageOfPage":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#primaryimage"},"image":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#primaryimage"},"thumbnailUrl":"","datePublished":"2018-04-17T15:00:06+00:00","author":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d"},"breadcrumb":{"@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#primaryimage","url":"","contentUrl":""},{"@type":"BreadcrumbList","@id":"https:\/\/channels.realty.com.au\/realtytalk\/building-homes-for-the-future-steve-sammartino\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/channels.realty.com.au\/realtytalk\/"},{"@type":"ListItem","position":2,"name":"Building homes for the future \u2013 Steve Sammartino"}]},{"@type":"WebSite","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#website","url":"https:\/\/channels.realty.com.au\/realtytalk\/","name":"Realty Talk","description":"Your Trusted Voice For Property Investing. Anywhere, Anytime.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/channels.realty.com.au\/realtytalk\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/channels.realty.com.au\/realtytalk\/#\/schema\/person\/384a57ac9e52cb9bf19896cb15eaa52d","name":"rolanrush","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/86544778804295a7fa45cbde097dc3a58a45ba6ed28859f17059ca74c38723d2?s=96&d=mm&r=g","caption":"rolanrush"},"url":"https:\/\/channels.realty.com.au\/realtytalk\/author\/rolanrush\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/20855","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/users\/176692471"}],"replies":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/comments?post=20855"}],"version-history":[{"count":0,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/posts\/20855\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/media?parent=20855"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/categories?post=20855"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/channels.realty.com.au\/realtytalk\/wp-json\/wp\/v2\/tags?post=20855"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}