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Real estate platform broadens national scope

By Staff Reporter
26 June 2020 | 9 minute read
Openn Negotiation NZ reb

A local real estate sales platform has expanded its horizons to Australia’s easterly neighbour.

Aussie proptech company Openn Negotiation has confirmed its New Zealand expansion, noting the push into the market was a “natural next step”. The business has facilitated more than $970 million in property sales since its inception in mid-2017.

“This launch is an exciting milestone for Openn Negotiation, and we’re delighted with the swift and positive response from agents so far,” said Peter Gibbons, managing director of Openn Negotiation.

“Our expansion was driven by the high number of approaches we received from New Zealand agents, particularly during COVID-19, who believed the process would work extremely well in their market.

“We’re looking forward to working with more bold and innovative New Zealand agents who strive to deliver the best possible experience for their buyers and sellers.”

Carl McNulty of First National Cromwell has officially become the first agent to utilise Openn Negotiation in New Zealand, listing 12C McFelin Road, Cromwell, on the platform. 

“I was first introduced to Openn Negotiation through an agent based in Perth. I could see how it offered the best of both worlds in terms of getting the best value for the vendor, while creating full transparency for the prospective buyer,” Mr McNulty said.

“When I heard the platform was live in New Zealand, I was keen to give it a go and I’m excited to see how the market responds.”

Commenting further, Mr McNulty said the sales process behind Openn Negotiation also offers agents and vendors flexibility as they can choose to allow buyers with conditions to participate and bring the final bidding stage forward to sell the property quickly.

“It essentially combines the best parts of auction and private treaty negotiation methods,” he said.

“Buyers can see exactly where they stand and know their competition is real. There’s no more guesswork or missing out on a property by a few thousand dollars.”

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