When You Need to Enter the Reserve Price on Your Listing

When you need to enter the reserve price on your listing

It is important that you adhere to the Auction Rules as per your state legislation. The information contained here is not legal advice but defines the restrictions with the app in relation to reserve prices.

Within the app, some states are required to have a reserve price entered before the property can launch while others do not. Please see below for your requirements depending on your state.

• ACT - Reserve required before property can be launched with Openn
• NSW - Reserve required before property can be launched with Openn
• NT - Adding reserve price is optional at launch but required before FBS commences
• QLD - Reserve required before property can be launched with Openn
• SA - Reserve required before property can be launched with Openn
• VIC - Adding reserve price is optional at launch but required before FBS commences
• WA - Adding reserve price is optional at launch but required before FBS commences
• TAS - Adding reserve price is optional at launch but required before FBS commences
• NZ - Adding reserve price is optional at launch but required before FBS commences