The homeowners of 1701/130 Elizabeth St, Sydney, are selling their apartment with Bitcoin as a payment option.Source:Supplied
Cryptocurrency investors have been handed the opportunity to convert their hard earned Bitcoins into a slice of Sydney’s housing market.
A two-bedroom apartment
overlooking Hyde Park in the Sydney CBD has come to market with the seller preferring payments in Bitcoin.
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The Elizabeth St residence is being offered to buyers with a private treaty guide of $3 million to $3.1 million.
Incredible views on offer.Source:Supplied
This works out to be roughly 74 to 76 Bitcoins based on one currently worth about $40,000.
Buyers are able to pay for the property in full with Bitcoin, Australian dollars or a mix of both.
The luxury residence is currently owned by Susie Nguyen and Anthony Vuong who are avid cryptocurrency investors. Ms Nguyen said they wanted to be one of the first sellers in Sydney to offer Bitcoin as a payment method.
“It is very common in America and we have seen properties on the Gold Coast accept Bitcoin, but not in Sydney,” she said.
The seller prefers Bitcoin but are open to more traditional payment methods.Source:Supplied
“We wanted to be one of the first sellers in Sydney to offer Bitcoin as a payment method as we believe it is the future of currency.”
Ms Nguyen said the property would be perfect for Bitcoin investors who have plenty of the currency and are looking to diversify their assets.
Selling agent Adrian Wilson of Ayre Real Estate said he had never seen Bitcoin offered before.
“It is certainly is not something I have ever come across before,” he said.
“We are expecting there to be strong interest from Bitcoin investors looking to park some of their investments.”
There are two bedrooms.Source:Supplied
The two-bedroom apartment has a study, two bathrooms, a parking space and is located on the 17th floor of the prestigious One30 overlooking Hyde Park.
“This apartment is located on the best floors with it high enough to capture harbour views, but low enough to soak in the atmosphere of Hyde Park,” he said.
Other features include floor to ceiling glass windows, a marble kitchen and a wintergarden allowing for entertaining all year round.
CoreLogic reports the apartment was last traded in 2019 upon completion for $2.728 million.
Originally published asWhy you don’t need money to buy this apartment