CRYPTOCURRENCIES ARE ENTERING AUSTRALIA’S PROPERTY MARKET
- Posted By Prince Lakshman
Cryptocurrencies like Bitcoin and Ethereum are taking over the housing market. It’s slowly even making its way into the Australian property market.
Last year, a family house in Melbourne’s outer east has been put up for sale and its seller is willing to accept Bitcoin as payment.
A 32-hectare property dubbed as Wooroonooran Falls was also put up for sale sale for 100 Bitcoin, after being listed at $1.2 million.
Listing a property as Bitcoin-friendly could be a deciding factor in someone’s ability to purchase it. It also opens the property to a new market of potential buyers in the cryptocurrency sphere.
Digital currency offer significant chance of appreciation over the coming weeks. A Bitcoin transaction is easier and cheaper from a technical point of view.
Slowly, a few property deals in UK, US, AU, and in the middle east are being done using cryptocurrencies.