PHOTO: Australian real estate agents

Following the ban on public auctions and open homes, some real estate agents have moved to selling properties using an online property auction platform.

As part of the measures to limit the spread of the coronavirus, the Prime Minister announced a ban on in-room public auctions and open homes. To ensure real estate can still operate as normal as it can, some agents have moved to the Openn Negotiation platform.

Australian real estate agents have sold more than $830 million in property on the platform since its inception in mid-2017. The Openn Negotiation platform is “Australia’s only” fully automated, transparent, online real estate bidding location.

“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,” Peter Gibbons, the online platform’s chief executive officer, said.