Bitcoin’s Surge: What You Can Buy in Tasmania’s Real Estate Market – News Corp Australia

News Corp Australia

First published 16 Mar 2024, 5:00am

Bitcoin has once again made headlines as its value soared to new record highs, with a single token now equivalent to the price of a home in some parts of Tasmania. The cryptocurrency reached $96,000 in Australian dollars by the end of February, surpassing its previous peak of $93,000 in November 2021. This remarkable resurgence comes after a tumultuous period that saw Bitcoin lose significant value.

For those looking for more stability in their investments, there are numerous affordable property options in Tasmania that could be purchased for the cost of a Bitcoin. According to PropTrack senior economist Paul Ryan, a budget of less than $100,000 could secure a property such as a block of land in rural areas or a small unit in the outskirts of cities.

In Low Head, a two-bedroom unit at No.13/136 Low Head Rd is listed for “Offers over $95,000”, offering a comfortable living space in a scenic location. Additionally, properties like a studio in Queenstown and a three-bedroom renovation-ready house near mountain bike trails are available for under $100,000.

Whether it’s residential or commercial real estate, there are plenty of affordable options in Tasmania for those interested in diversifying their investment portfolio. From small studio spaces to spacious blocks of land, there are opportunities for buyers to make a valuable purchase without breaking the bank.