Believed to be at a price of $3.6 million, actor Sam Neill has sold his Double Bay property for an undisclosed amount to an Australian bidder currently in Hong Kong via online auction.

The online marketing for the home was headlined “Vendor wants fast sale”.

Selling agent Paul Ephron used the Openn Negotiation App to make that a reality for his client. 

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The front of the double fronted Federation home that was sold recently by Sam Neill. Photo: Ballard Property

The 3-4 bedroom home is a freestanding residence near Double Bay Beach and in the style of a double fronted Federation.

The house is spread over two levels that opens out to a lush tropical oasis

After only 20 days on market The Final Bidding Stage lasted just under an hour with five active bidders and twenty observers watching the action. 

Australian real estate agents have sold more than $875M 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.

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Views out into the garden from 12 Pearce St, Double Bay. Photo: Ballard Property.

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 Managing Director, 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 700 per cent increase in registrations for our online learning in March.

"We expect that to continue to grow."

Mr Gibbons told WILLIAMS MEDIA that Openn Negotiation provides agents with an efficient process to sell property — combining the ease of private treaty, transparency of an auction and the latest technology. 

"Many agents are learning how to use Openn Negotiation in response to the current challenges, but they are quickly realising that it’s not a process that’s just for trying times, it’s for all times." 

With the example of Sam Neill's Double Bay property, Mr Gibbons said the succesful buyer was an Australian who was bidding out of Hong Kong.

"If this had been a traditional auction, they wouldn’t have been able to join the bidding," said Mr Gibbons.

"During the final bidding stage, the Hong Kong buyer was being matched bid for bid by another buyer.

"If they hadn’t been able to participate, the seller would have missed out on having a competitive buyer who pushed the price up to its maximum."

Mr Gibbons said they currently had agents registered from all the major networks in Australia including Ray White, McGrath, LJ Hooker and First National etc. as well as hundreds of local agencies. 

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