Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Openn Negotiation turns 1 and reaches its 500th Property Upload!

By Openn Negotiation
01 June 2018 | 1 minute read
image C

Promoted by Openn Negotiation.

Openn Negotiation has been in operation for just over a year now, and what a journey it has been so far, not just for our platform, but for the Real Estate industry as well.

We launched in April 2017, and during this time, we’ve seen some phenomenal results for buyers, sellers and real estate agents alike, with happy smiles all around.

As of last week, Openn saw it’s 500th property uploaded onto the platform and ready to sell, which is such a significant milestone to celebrate with everyone.

But there’s a lot more we would like to share, so let’s take a lookback at the last 12 months and see how Openn has changed Australian Real Estate for the better.

What is Openn?

Openn Negotiation is an online property purchasing platform designed to be transparent and fair for both buyers and sellers. Managed by professional real estate agents, it allows qualified buyers to openly negotiate on price with the advantage of knowing exactly how many real competing buyers there are.

Buyers are only able to participate once their terms and conditions (which can be flexible) are accepted and agreed to by the seller.

An Openn Negotiation campaign usually lasts between 1 - 4 weeks, but properties can sell earlier if the seller chooses or if the reserve price is met early.

Reflecting on our first 12 months

With the fast-paced nature of business today, it’s so easy to lose track of time, however new innovative technology that reaches its first year is definitely something worth celebrating. We’re certainly proud of what we achieved so far.

We understand that people can be a little nervous to give new technology a try, however you may feel more comfortable when you see tangible results being made by genuine buyers, sellers and agents.

We’re all about transparency in Real Estate,after all, so we decided it was a good opportunity to share our progress so far.

Since we launched in Australia on the 1st of April 2017:

  • Over 538 Agents are now trained and registered as Openn users, and this number is growing every month
  • 500 + properties have been listed on Openn Negotiation to sell
  • 4,450 + real buyers, sellers and observers have signed up to the platform
  • 1,280 active bidders have made almost 3,000 bids
  • There has been around $1.16 billion in total bid value during the Final Bidding Stages of properties going for sale
  • Just over $2.5 billion worth of total bids
  • $152+ million in total property sold in the final bidding stage
  • Average days on market for sold properties of just 30 days

Openn Negotiation turns 1

What’s next?

We thank everyone for their support in working with us to celebrate our first birthday, and our team looks forward to an even bigger yearas we roll out the Openn Negotiation App across the rest of Australia.

What to know more about Openn Negotiation?

Certified Openn Negotiation agents are leaving certification courses knowing: 

- How to create competition with transparency in private treaty

- How to get the best possible price for their vendors 

- How to beat competitors who over price to win listings 

- How to get your buyers to stretch beyond their 'best & final' 

and ultimately... 

- How to be an agent that everyone LOVES. 

This ground-breaking technology makes the process exciting, enjoyable and rewarding for all parties, and doesn’t leave anyone frustrated in the dark.

To learn how you can embrace Australia's most successful online auction process, you can attend an upcoming Openn Certification course for FREE. Sign up here:

Openn Negotiation turns 1 and reaches its 500th Property Upload!
image C
lawyersweekly logo
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Box Hill
Bawley Point
Murrays Beach
Crescent Head
Park Ridge South
Mollymook Beach
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.