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BBX Investors Into Real Estate

An article in the Sydney Morning Herald (March 22) reported that members/property investors within Business Barter Exchange (BBX) hold $80 million worth of real estate. BBX is now into its 13th year of business.

Michael Touma, BBX’s managing director, says there is an increased interest in real estate in the barter market because one can use trade dollars on the downpayment (20% to 30%).

Touma says BBX can offer, depending upon the situation and buyer, interest free trade loans of up to $80,000 repayable over 18 to 36 months.

In Australia, home builders (vendors) see the trade exchanges as an alternative market for sales. It provides a new clientele for their properties and reduces reliance on cash funding, as they use the services of other members to reduce construction outlays on either the current building project or their next development.

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