No slowing down in property listings willing to accept Bitcoin payment

No slowing down in property listings willing to accept Bitcoin payment
No slowing down in property listings willing to accept Bitcoin payment

A Gold Coast home has become the fourth home in as many days to be listed with a Bitcoin payment.

The Sovereign Islands mansion has been listed by financial planner David Jenkins and wife Sandra for 500 Bitcoins, or offers over $5.15 million in layman's terms. 

David Jenkins told realestate.com.au he noticed other users of the currency were swapping major assets for the digital money.

“People had mentioned Bitcoin over the years and I didn’t know anything about it,” Jenkins said.

“When I ended up looking into it I realised it was a pretty good opportunity so I become involved. 

“It needs to be clear though that this is a personal investment only – I can’t advise my clients on it.”

It is unlikely a whole transaction can be made using Bitcoin, with the state laws needing to be worked around given legal sanctity of the trust fund accounts.

The home (below), that cost David and Sandra $3.4 million in 2015, is set in the pricey Knightsbridge precinct of Sovereign Islands.

No slowing down in property listings willing to accept Bitcoin payment

All four levels are serviced by a commercial lift, including the top level penthouse with ensuite, walk-in wardrobe and a balcony with panoramic views of the Broadwater and the hinterland.

It has four bedrooms, a 10 seat gold class style home cinema, wine cellar, home office and garaging for 10 cars.

The full concrete home was built by a former prominent politician.

The first home to hit the headlines offering Bitcoin was a home in Melbourne's The Basin. The vendor was only interested in a part Bitcoin payment for the home.

A home in Far North Queensland followed, willing to accept a 100% payment in Bitcoin for the $1.2 million home. That would equate to 100 Bitcoin at its current average price of around $12,000.

The 32 hectare rural estate known as Wooroonooran Falls at the foot of Mt Bellenden Ker, is happy to take the full transaction in Bitcoin.

The home is steeped in history. It was owned by one of the first settlers in the area, the Hon. Victor Nelson Hood, the nephew of Lord Nelson and the Godson of Queen Victoria.

The four bedroom, one bathroom Queenslander was built in 1948. Views from the front verandah look over the sugar cane fields.

Grandview, another Victoria home, this one north of Melbourne at Mount Macedon, was advertised as happy to also take full Bitcoin payment for the home, priced at $2.5 million.

 

 

 

 

  

 

 

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