Cash-to-crypto deal first for Gold Coast real estate

This bitcoin deal is as safe as houses
A multimillion-dollar Tallebudgera Valley property could become the first sold via an innovative new cash-to-crypto model launched in Queensland.
Bitcoin buyers are invited to purchase the sprawling acreage home at 140 Valley Dr — but the vendors will receive a cash payment facilitated by Burleigh Heads-based Accept Crypto.
While cryptocurrency transactions aren’t entirely new to the real estate world, until now it’s meant both ends of the deal were in bitcoin.
Accept Crypto executive manager Ben Karaahmetovic said the company’s services unlocked an individual’s digital assets to allow big-ticket purchases of homes, boats, cars and more.
Exposed rafters in the living area
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“There hasn’t always been an easy way to bring funds into the real world,” Mr Karaahmetovic said.
“I’ve been part of a few [real estate] deals before but they were with owners accepting crypto directly.
“Now, the client can pay with crypto and the owner receives cash,” he said.
Valley views
The property is marketed via an expressions of interest campaign by John Fischer and Shelley Watkins, of PRD Burleigh Heads.
“It is an indulgent resort-style oasis that is available to buy for cash, crypto or both,” Ms Watkins said.
“The owners are willing to accept any supported cryptocurrency as partial or full payment for this property.
“This is to be facilitated by Accept Crypto in order to meet Australian regulatory requirements.”
Tropical pool and cabana
The three-bedroom, two-bathroom house was built in 2000 by the current owners on a 4,200sq m block backing onto bushland.
Rich wooden floors, plantation shutters and exposed timber rafters beneath soaring ceilings lend rustic appeal to the home, which also has a loft area that could serve as an additional bedroom.
For outdoor entertaining, there is covered decking, a tropical pool with a cabana, and a modern pool house, where the bar opens via a servery window to the barbecue deck.
Country charm with polished timber kitchen benches
There’s also a separate one-bedroom guest house with an open living zone and private deck.
Ms Watkins said the property was well-suited for large families or to accommodate several generations living together.
Accept Crypto was launched on the Gold Coast in December 2021.
Mr Karaahmetovic said one in four Australians held active cryptocurrency accounts, while 56 per cent of those had made a transaction using bitcoin.
“A lot of people don’t actually hold that much liquid cash in their bank account,” he said.
“This way, you get to use the investment assets which you’ve hopefully been making a return on.
“On the real estate front, it gives owners more leverage in terms of which currency they can accept and give the buyers the opportunity to use.”
The home is marketed via an expressions of interest campaign
The company is licenced by AUSTRAC and acts as a settlement agent, ensuring all regulations are met, and facilitating timely delivery of converted crypto-to-cash funds.
The buyer is charged a facilitation fee of one per cent, Mr Karaahmetovic said.
At time of writing, one bitcoin was worth $43,000, although this can fluctuate regularly.
PropTrack data shows house prices in Tallebudgera were up 19 per cent over the last year to a median of $1.405m.

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