Public Relations Company

 
Public Relations Company  
 
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 financial year.

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.

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Released for BBX by Dennis Rutzou Public Relations (www.drpr.com.au)
For further information please call Fiona Pennington or Alex Czerwinski on (02) 9413 4244.



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