Historic Far North Queensland home up for sale with Bitcoin accepted as currency

Wooroonooran Falls, a rural estate in Far North Queensland, is the latest to be swept up in the Bitcoin sales process.

The innovative listing follows one in Melbourne earlier in the week where the vendor of a home in The Basin was willing to accept a part Bitcoin payment.

The vendor of Wooroonooran Falls however, at the foot of Mt Bellenden Ker, is happy to take the full transaction in Bitcoin.

The 32 hectare Babinda estate with Queenslander homestead and its own waterfall has been listed for $1.2 million, or 100 Bitcoin, with their recent valuation climbing to around $12,000 per 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.

LJ Hooker Cairns South agent Cheyenne Morrison told The Cairns Post the vendor heavily researched Bitcoin before making the decision.

“After extensive research the seller has decided that the digital currency offers significant chance of appreciation over the coming weeks, and buyers at the current price would get a discount on the asking price by paying in Bitcoin,” Morrison said.

Morrison told the Cairns Post that listing the property through Bitcoin opened up a whole new market of potential buyers.

“I believe this will be the first property advertised for sale via Bitcoin in Cairns,” the agent said.