This article is from the Australian Property Journal archive
A FOUR-bedroom home in Melbourne’s eastern suburb of The Basin may become one of the first properties in the world to change hands via cryptocurrency bitcoin.
John Garnett of Harcourts Boronia is marketing the property, and told The Real Estate Conversation, that it was most likely that just the deposit would be paid digitally, but the component would regardless be transferred directly from buyer to seller.
Should the full payment price be disclosed for stamp duty purposes, a transaction paid with bitcoin should be “straightforward”.
In September, Ultimo lingerie founder Baroness Michelle Mone and her billionaire boyfriend Dough Barrowman launched a new $US330 million development in Dubai that will have its initial tranche of 150 apartments available to the cryptocurrency community to buy directly.
The Aston Plaza and Residences in Dubai would be priced and sold in the cryptocurrency. It comprises two 40-storey residential towers of 2.4 million sqf above a shopping mall, and a total of 1,133 apartments.
Australian Property Journal
