Online Auction Portal Set to Shake Up Property Sales

Australia’s first online property auction site, www.bidRhino.com, has been launched, allowing residential and commercial properties to be found, sold and leased with just a few clicks of the mouse.

bidRhino.com Director Michael Cavey said the new eBay-like portal was the logical next step for the property market where realestate.com had already revolutionised property advertising.

“Now, with bidRhino.com, you can go one step further and also sell, purchase, lease or rent your property online at any time from anywhere,” Mr Cavey said.

"bidRhino.com is easy to navigate and all properties and bidders will be vetted by our team prior to being listed or approved to place bids in a live auction, to ensure safety and security."Mr Cavey said he started bidRhino after wondering why Australians were only marketing properties online, but not selling, leasing, renting and buying online too.

After researching the concept and finding no online property auction portal at the time, he found it logical to enable people to buy, sell, rent and lease online as well.

[urbanRelatedPost][/urbanRelatedPost]“Society has transitioned online in the 21st Century, yet the routine and structure of traditional property transactions have not kept up and remains unchanged since the 18th Century,” Mr Cavey said.

“Online auctions are a highly successful transaction method that have proven to be effective in many industry sectors - clothes, cars and travel - and now bidRhino.com is set to transform the real estate industry by becoming the go-to auction site for property.”

bidRhino.com’s first listing is already available - an off-the-plan apartment in South Melbourne, Victoria. The property’s online auction is set to commence on the 7th May 2015 on

bidRhino.com.

On bidRhino.com, vendors can sell their property themselves, saving agency and auctioneer fees, as the site includes the tools and platform to do it transparently and safely.

Those who don’t want to do it themselves can just ask their real estate agent to add a bidRhino auction to their campaign.

Mr Cavey said bidRhino enabled real estate agents to secure an innovative edge on their competitors.

“Agents can still manage a property campaign just like they do currently, but via using bidRhino.com as their transaction method, they can both broaden their buyer/tenant pool and save time,” Mr Cavey said.

“In addition, bidRhino.com also gives agents a solution to their customer’s constant need for simple, technology-enabled solutions.”

Mr Cavey said bidRhino was primarily about choice for sellers and landlords.

“I believe how you sell or lease your property should be up to you, because you know your property best,” Mr Cavey said.

“When selling or leasing your house, it should be your choice to do as little or as much as you want, and your experience should be tailored to your property, time and budget.”

“Instead of a twenty minute, pressure-cooker auction on a cold Saturday morning … auction your property over a week or two online and free up both you and real estate agent’s time.”
Top and below - an off-the-plan apartment at 79 Market Street, South Melbourne is bidRhino.com's first listing to be auctioned commencing 7th May, 2015.