MEDIA RELEASE 6 February 2007
BBX launches its first real estate office in Toukley
BBX Real Estate is one of BBX's latest ventures. It was established in
response to the large number of enquiries from members for the purchase of real
estate investment property utilising the BBX system.
Whilst purchasing real estate using barter currency has been a feature of its
trading system for some years, BBX has moved to establish a stronger presence in
the real estate market by opening its first joint real estate and barter
membership franchise in Toukley late last year.
As a unique business to business trading system, BBX offers business owners the
opportunity to buy other member's goods and services by using their own goods
and services as payment. Barter is a powerful tool to not only purchase goods
and services without using valuable cash, but also to build strong business
networks and provide opportunities for business growth.
Central Coast North franchise owners Sonia and Anthony Castelli are excited at
the prospect of starting a local BBX real estate and membership franchise.
"Owning a franchise and becoming a part of the BBX trading network has always
been one of our goals. Anthony's a licensed real estate agent so BBX real estate
seemed like the most logical franchise option for us to take on and we are
confident we will do a great job," Mrs Castelli said.
Mrs Castelli believes that the main benefit of BBX real estate is that it gives
people the opportunity to stay cash positive when buying property.
"BBX lets customers use up to 30% in trade dollars when buying real estate
property. Whether to buy residential or commercial properties, BBX provides a
fantastic opportunity for participating members to reduce costs and conserve
their valuable cash," she said.
An increasing number of local Central Coast businesses have become BBX members
and Mrs Castelli is confident that BBX trading will become popular in the area
as more people learn about the benefits that BBX trading can provide.
Michael Touma, BBX's Managing Director, says there is an increased interest in
real estate in the barter market because members can use trade dollars on the
down payment, anywhere from 20 percent to 30 percent of the purchase price.
Mr Touma says BBX can offer, depending upon the situation and buyer, interest
free trade loans of any amount repayable over 18 to 36 months.
Through its finance partner, BBX Money, members and non-BBX members, including
first homebuyers and property investors, will have the opportunity to purchase
real estate with up to 30 percent interest free loan deposit. This provides
immediate equity, avoids high mortgage insurance and can be repaid in either
cash or by the sale of inventory through the BBX Auction site.
BBX has a substantial membership base in Australia, New Zealand, India and
China, making it one of the largest reciprocal trade exchanges. Members in
Australia and New Zealand transacted over $146 million in trade for the 2006
BBX is Australasia's first and only publicly listed trade exchange manager and
listed on the Australian Stock Exchange in 2005. In September 2006, BBX
announced a record net profit after tax of $1.080 million. This represents an
increase of $825,000 or 323 percent over the previous year.
The BBX Central Coast North franchise can be contacted on 02 4397 4247.
Released for BBX by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Fiona Pennington or Alex Czerwinski on (02)