Bartercard is the operator of the world’s largest trade exchange where business members are trading everything from lunch to resort packages to attract to new customers, fill downtime, conserve cash and stay ahead of the curve. But did you know that members are also trading real estate to speed up sales and save millions of dollars on property?
The concept of trading isn’t new and goes centuries back. Just like the baker traded with the flour mill, today there are hundreds of communities worldwide where trading takes cash out of the picture – in Greece for example that’s built up a viable barter economy of scale.
Bartercard has evolved the concept of a direct swap into to a flexible trading system that’s surpassed 22 million transactions and counting. Since starting in 1991, Bartercard members have saved $4.5 billion by taking cash out of the picture.
But one place where trading has particularly taken off is property, where cashless property sales are increasing. Figures from last financial year showed a 40% increase in the value of Bartercard real estate sales – in other words, properties with a cashless component of ‘trade dollars’ in the price tag. To earn trade dollars, members simply welcome customers on Bartercard.
While the average trade dollar component in properties sold last financial year was 30%, a record $2 million development block in D’Aguilar, Brisbane sold without any cash in the price tag. Shortly after, a $600,000 development block in Bundaberg and a $425,000 warehouse in Greymouth, New Zealand, sold in the same way.
Bartercard’s Real Estate and Development Specialist Carl Hassard credits recent growth to the launch of a new Bartercard Property website where members can clearly see the upside of investing with a cashless component. The site currently has 240 listings collectively valued at nearly $140 million.
“With each property offering a set trade dollar component, members can reduce their overall cash borrowings and in turn, lower interest costs,” he said.
“For vendors, selling a property faster though Bartercard at the price they want can set a benchmark price for other stock in a development. It’s diversifying the way buyers invest and vendors sell.
Bartercard’s property site makes buying and selling real estate using trade dollars incredibly easy. Members can receive property alerts via email and social media whenever new listings appear, which lets them spot a property that suits their needs straight away.
In 2018, Bartercard opened its property market across Australia and New Zealand that’s further diversifying the way buyers invest and vendors sell.
For more information and to start searching, visit bartercardproperty.com.