5 tips on how to make your home a smart home

Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
Our authors
, updated on November 25th, 2021       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

There are still a few houses in Australia that still have vintage designs (uhm…uhm, the 70’s called and they would like their designs back.) You can give your home a much-needed uplift with a home loan to redesign it or increase its market appeal with the latest in home technology. If planned right, you won’t have to break the bank. Here are five tips on how to make your home a smart home.

Understand what is a smart home

A smart home is basically a home that has special features that are designed to give a homeowner control over things like air conditioning, heating, sound systems, blinds, lighting and security systems through a simple device such as your mobile phone or computer. Life literally just got easier with a click of a button. Australians have spent AU$377 million on smart home products last year. Statista predicts that the smart home market in Australia is yet to grow this year to a comfortable US$887 million in 2018.

Smart lights

You could be thinking of the American franchise of ‘Clap on-Clap off’ phenomena which could make things a little awkward especially if you are clapping for your favourite team. There is also the cool feature of motion detection lighting that has been introduced in work spaces as a way of saving electricity that you too can implement in your home.

Major brand names such as Apple, Philip and Samsung have released products in the market that will be compatible with your device. You can invest in products such as the Philips Hue compatibility products that offer features such as syncing your phone’s alarm with the lighting. The Brilliant Control is also amazing as it can help you dim and change the colour of your light bulbs.

Solar powered smart home

When you think of solar power the first thing that comes to mind is the panels that get put on your roof to absorb the suns rays, and then you forget about them until you need it. Smart homes that implement solar panels help you analyse just how much power has been preserved and its peak time for when it absorbs the most power all from your phone.

Smart security

Australians could be moving to a keyless security system that will also be connected to your mobile phone or computer to alert you to any suspicious behaviour by 2021. For now, 34% of Australians still rely on a specialist consultant to install their system for them. The smart security system includes alarms, sensors and locks that is predicted to gross a total of $416 million by 2019.

What about connectivity issues

With all these bells and whistles that are set to increase the value of your home from the power of your hand-held phone or computer, what will happen if there is a connectivity problem? Telstra released a hybrid modem in February 2017 that will help maintains a home’s internet connection when there is an NBN or other broadband service outages.

Easily compare home loan options today

We compare home loan options for you so you can be assured you’re seeing the most competitive interest rates available in Australia.