Ballarat, once the epicentre of Victoria’s gold rush, is now making waves with a groundbreaking Bitcoin-only property sale. Vendor couples Melissa Bower, Tessa Dunstan, Trudy Purcell, and Sasha Semjonov are selling their 582m² block at 7 Magpie Street using blockchain technology. Initially purchased as a renovation project, the couples pivoted to selling the vacant land with plans for two townhouses after realizing the costs of renovation were prohibitive.
By leveraging blockchain, they’ve streamlined the sale process, bypassing traditional banking systems for a secure, decentralized, and transparent transaction. The property’s standout features include its prime location near Sovereign Hill, stunning views, and proximity to schools and affordable living.
The sellers have embraced modern marketing techniques, from AI tools to TikTok, to reach tech-savvy buyers, highlighting Ballarat’s appeal for families and those seeking a tree change. Crypto-backed loans, like those offered by Vield, provide an accessible path for buyers to finance Bitcoin purchases, showcasing the intersection of digital wealth and real estate.
This innovative sale also explores tokenization for fractional ownership, reflecting the future of property investment.
Learn more about this pioneering property sale on View.com.
