ABOUT US
Those who study the property market know that, at the present time, there exists an over-supply of residential property, particularly apartments, town houses and similar. Demand remains low and buyers aren’t being attracted to the market at the present time.
In many cases developers are burdened by significant holding costs (interest payments) and pressure is being brought to bear by their banks and other financiers to finalise their loan facilities.
Through its trade exchange operation BBX will enter into agreements with a number of developers to acquire all or some of their properties by using the trade dollar currency used by the Exchange to fund part of the purchase price.
The fund will invest in a diverse and fully managed portfolio of residential property and it can, if structured properly, be an investment for superannuation funds. BBX can also provide interest-free overdrafts to qualifying members for working capital and for investment in property, which is a unique feature to the trade exchange.
