Why I Think Risking $60 Dollars on Openn Is Worth Considering
The Potential of Openn: An Opinion on Its Future
A Quick Flashback: The Rise of RealEstate.com.au
In September 2001, if you had invested $60 in realestate.com.au shares, those same shares would've peaked at a staggering $176,800 on just that $60 investment.
RealEstate.com.au, or REA, revolutionized the real estate industry by providing a digital space for agents to promote properties. Though many competitors attempted to imitate REA's model, none could surpass its success. This digital shift disrupted traditional property search methods, encouraging people to turn to the internet over newspapers.
Openn: The Next Big Property Tech Disruptor?
Openn stands out in the real estate landscape with its transparent sale management system. This platform allows buyers to research, make multiple offers, and even purchase properties instantaneously. The best part? The only way you don't secure a property is if you decide not to raise your bid or improve your terms.
This user-centric approach addresses longstanding challenges within the industry. By ensuring clear communication and eliminating opaque practices, Openn is set to redefine the buying and selling process.
Why I See Potential in Openn
1. Cost Efficiency: Unlike REA, where listing a property might cost thousands, Openn's model charges a flat fee of $550 per listing. This means properties can be listed for a fraction of the price, potentially saving vendors significant sums.
2. The Shift in Demand: Openn's unique approach to property sales could soon make it the preferred choice for vendors, especially if its user base continues to grow.
3. Broadening Horizons: Openn's recent milestones, including its integration with major listing services in North America and partnerships with key players like Core Logic, position it for potential success on a global scale.
4. In-depth Data Collection: Openn gathers a range of unique data points, from contact details of buyers to real-time participation metrics. Such rich data can offer unparalleled insights into market trends and buyer behaviour.
5. Additional Revenue Streams: Beyond property listings, Openn's data could forge partnerships across various sectors, from finance to utility services.
6. Adapting to Market Dynamics: In an era of global economic shifts and the aftereffects of events like the COVID-19 pandemic, platforms like Openn that offer efficient, transparent, and cost-effective solutions will likely be at the forefront of industry evolution.
7. North American Prospects: With no training required for its North American platform and its recent integration with major listing services in CREA (Canadian Real Estate Association), Openn seems poised to capture a significant share of the North American market.
Why I'm Taking the $60 + Purchase Option on Openn
Drawing parallels with REA's growth story and considering the factors listed above, I personally see immense potential in Openn. Just as REA leveraged the dot-com boom, Openn might be positioned to ride the next wave of AI technological disruption in real estate.
Given the potential upside and the relatively low entry point, I personally believe that investing a modest amount in Openn is worth considering.
Where to buy Openn Shares?
Openn shares can be on any Australian share trading platform. You can access trading accounts through major banks although I use Interactive Brokers Australia ( https://www.interactivebrokers.com.au/en/home.php ) and Superhero ( https://www.superhero.com.au/ )
My conclusion
If my perspective resonates with you, perhaps it's time to do your research and see if Openn aligns with your investment philosophy. But remember, this is purely my opinion, and every investment decision should be made after thorough research and consideration. It's always wise to consult with a financial advisor before making any investment decisions. Only ever invest what you are prepared to lose.