Surfers Paradise 
Professionals Newlands Real Estate – Surfers Paradise Principal shared his thoughts on Bitcoin and real estate in a recent Gold Coast Bulletin article:
The REIQ Gold Coast zone chairman John Newlands said it was the first time he had heard of a Gold Coast property being listed in Bitcoin.
“At the moment I don’t see any trading in Bitcoin,” Mr Newlands said.
“It’s certainly not a trend here. I would assume a lot of people wouldn’t even understand that type of currency. Maybe in five years time it might become more recognisable but time will tell.”
SO WHAT IS BITCOIN?
– Bitcoin is a decentralised digital currency – users can send money directly from one person to another with no need to use a bank to hold money.
– Similar to shares, the value of Bitcoin can fluctuate.
– Its value has increased by thousands of dollars recently, up more than 500 per cent this year.
– But earlier this month Bitcoin tumbled, falling as low as $7307.
– At the time of print on 28th November 2017, 1 Bitcoin was worth $12,678.
