Victorian property sells online $52K over reserve with Openn

Openn Negotiation

Victorian property sells online $52K over reserve with Openn.

No auctions have been cancelled on Openn this weekend.

Online Real Estate Auction platform Openn Negotiation recorded its first sale for the weekend at 6 pm tonight.

34 Maitland Street, Geelong West, Victoria has just been successfully sold by Real Estate Geelong agent Wes Thornton via an online auction.

The reserve price of the property was $815,000 and it sold for $ 867,000.

“I’m so glad we have Openn Negotiation during these circumstances. We are pushing ahead with all of our sales, nothing is being cancelled,” Mr Thornton said.

“One bidder for the property was in the UK. The successful bidder was from bidding from Sydney.”

“The property was on the market for 15 days. An outstanding result like this is only possible using Openn Negotiation.”

“All bidders on Openn sign a contract before bidding so when the final bid was accepted by the system the sale documents were all finalised automatically. Nobody had to meet in person to sign the paperwork.”

About Openn Negotiation

Openn Negotiation is Australia’s only fully automated transparent online real estate bidding platform.

Australian real estate agents have sold more than $830M in property on the Openn Negotiation platform since its inception in mid 2017.

Openn is not a streaming service broadcasting a traditional street auction. The service is delivered via an App so there is no physical meeting at an auction gathering. The agent remains completely in control of the sale and all legal documents are automated on the App so there is no need for any physical contact with a buyer or seller to sign documents.

Openn Negotiation’s Chief Executive Officer, Peter Gibbons, says there has been a significant increase in enquiries from agents looking to get trained in the platform and the company is well placed to manage the influx.

“Over the past three years we have made a significant investment in the Openn Platform to make sure it is a seamless and transparent way for buyers and sellers to interact,” Mr Gibbons said.

“There are already over 2,000 agents across Australia who are certified in the use of the Openn platform. We’ve seen a 350% increase in registrations for our online learning in March. We expect that to continue to grow.”

“Currently we have agents registered from all the major networks in Australia including Ray White, McGrath, LJ Hooker and Elders etc. as well as hundreds of local agencies. You should ask your agent if they are Openn Certified or visit our website yourself to

/Public Release.