For holders of cryptocurrency such as Bitcoin (BTC), the ability to directly purchase property without fiat currency provides an opportunity to diversify their investment portfolio. Because it’s decentralised, cryptocurrency can be sent from one person to another without the need for banks or a central monetary system.
At the end of 2017, when the value of Bitcoin peaked at over AU$25,000 to 1BTC, crypto assets were popular, and real estate was purchased with cryptocurrency all over the world.
Following falls in 2018, the Bitcoin price has risen again in recent times against the US and Australian Dollar, making property purchase with cryptocurrency an attractive option once more.
For investors looking attracted to Australia, the world’s safest real estate market, our very own Dakabin Crossing offers 2, 3 and 4-bedroom townhouses starting from only 66 BTC (at the current price), with an extra 5% discount off the pre-launch price if investors pay 100% of the purchase price.
Why use Cryptocurrency to buy property?
Cryptocurrency simply provides another form of payment, and the introduction of ‘smart contracts’ makes the whole transaction faster.
Due to blockchain’s accessibility and accuracy, using it in real estate transactions can expedite title completions and reduce disputes. Verification and record keeping of transactions is performed by the blockchain itself. An American company, Propy, have already supplied software for smart contracts and in March 2018, it announced its first ever recording of a real estate deed on blockchain.
Our purchasing process for Dakabin Crossing properties makes investing with Bitcoin a breeze. We use Bitpay, which is used by the likes of Microsoft and Virgin. You can purchase a townhouse at Dakabin Crossing using Bitcoin in four easy steps – select a townhouse from our website, upload a copy of your passport and utility bill, e-sign the necessary documents and finally make your Bitcoin payment. Your townhouse will be reserved for a reasonable time whilst you are moving through the process in the sales centre to ensure it is available to you at checkout.
The future is bright for cryptocurrency and the real estate industry. Adding cryptocurrency to the modes of payments welcomes ‘crypto millionaires’ who would rather pay in virtual currency than converting the money. We can expect to see a lot more cryptocurrency-related real estate transactions in the near future.
Starting from 66 BTC, you can purchase one of our townhouses at Dakabin Crossing, located 26kms from Brisbane CBD in the heart of the North Lakes expansion zone. Our reservation process, BitPay-supported transactions, and excellent post-purchase care have been designed to give you peace of mind for your decision to purchase a property at Dakabin Crossing.