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Openn Negotiation information


Openn Negotiation
Company typePublic
Traded as
ASX: OPN
IndustryReal estate
FoundedApril 2016 in Perth, Western Australia[1]
HeadquartersPerth, Western Australia Australia
Area served
Australia , United States, Canada and New Zealand
Key people
Peter Gibbons, Chief Executive Officer[2][3]
Products
  • Openn Negotiation
  • Openn Offers
  • Openn Tender
Websitewww.openn.com

Openn is a platform that facilitates real time communication and negotiation in a property transaction. Openn Negotiation combines flexibility of a private treaty with the transparency of auction price discovery. Openn Offers supports a traditional private treaty process with improved transparency. Openn Tender allows buyers to submit tender offers digitally before a set deadline for the agent and seller to review.[4][5][6][7][8] It was launched in Australia in 2016,[1][3] and has seen significant growth largely due to COVID-19 restrictions on traditional home inspections and on-site auctions.[4][2][3][9]

  1. ^ a b "Safe as houses: The West Australians disrupting the real estate game". The Sydney Morning Herald. 17 January 2019. Retrieved 4 February 2021.
  2. ^ a b "Sam Neill: Actor sells Double Bay home via online auction". News.com.au. Retrieved 4 February 2021.
  3. ^ a b c "Online auction platforms experience unprecedented growth". The Real Estate Conversation. 26 March 2020. Retrieved 4 February 2021.
  4. ^ a b "Coronavirus shifts consumer behaviour and helps some businesses boom". ABC News. 5 April 2020. Retrieved 4 February 2021.
  5. ^ "Competition heats up in Perth luxury market". The West Australian. 18 October 2020. Retrieved 4 February 2021.
  6. ^ "Commercial: CBD development site on Hunter Street with holding income". Newcastle Herald. 8 October 2020. Retrieved 4 February 2021.
  7. ^ "A beautiful Byron Bay property attracts more than 120,000 views in four days". The Daily Telegraph. Retrieved 4 February 2021.
  8. ^ "Openn Negotiation offers simple auction platform for buyers". Online Marketplaces. Retrieved 4 February 2021.
  9. ^ "'Make Use of Technology': Auctions, Open Homes in Coronavirus Shut Down". The Urban Developer. 25 March 2020. Retrieved 4 February 2021.

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