Everyone is trying to get their hands on some Bitcoin.
For home sellers in Australia, the rising value of the cryptocurrency presents an interesting money-making opportunity, but also a clever marketing tactic.
Owner Rob Gadd is selling his five bedroom house in Melbourne, and he’s willing to accept part of the house payment in Bitcoin, with the rest to be paid in cash.
“It’s always nice to be at the trailblazing end of something that hasn’t been done before,” he told 7 News.
It’s certainly a first for the house’s estate agent, John Garnett, who told Domain he’s never had anyone transact in it and that there’s “a few logistics we still have to iron out.”
“We’ve got to be careful because the state revenue office will want the stamp duty to be paid on market revenue,” he said.
If you’ve got a much bigger chunk of Bitcoin (lucky you), a rather stunning 32 hectare property dubbed “Wooroonooran Falls” in Queensland is selling for 100 BTC. The property also comes with a four bedroom home.
At current prices that’s A$1.34 million (US$1.02 million), but obviously, with how volatile the currency can be, it could cheaper or a whole lot more expensive soon. Its original fiat currency price is listed at A$1.2 million (US$915,000).
“After extensive research the seller has decided that the digital currency offers significant chance of appreciation over the coming weeks, and buyers at the current price would get a discount on the asking price by paying in Bitcoin,” selling agent Cheyenne Morrison told News Corp.
Not to be outdone, there’s also a mansion on an affluent patch of the Gold Coast for sale, which will set you back 350 BTC. That’s A$4.7 million (or US$3.5 million).
So yes, the Bitcoin hype has spilled over to the property market, but we’ll be interested to see if anyone actually stumps up the cryptocurrency for these places.
After all, who knows what Bitcoin will be worth next week?
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