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Crypto holders in Australia can now use their Bitcoin to buy a home, as Block Earner launches the country’s first Bitcoin-backed home loan. The move comes after the fintech company won a major legal battle against ASIC, proving it did not need a financial services licence to offer the product. Block Earner said it is working closely with regulators to ensure full compliance, while helping Australians tap into their digital assets for real-world use.
The company highlighted how housing affordability has shifted when viewed through the lens of Bitcoin. In 2016, the average Australian home cost 627 BTC, while in 2024, that figure has dropped to just 4.3 BTC. Gold has followed a similar trend, falling from 350 ounces to about 170 ounces for the same home. Block Earner argues that long-term holders of inflation-resistant assets like Bitcoin now have stronger purchasing power.
The Bitcoin-backed home loan offers a new path to home ownership for crypto investors. It allows people to enter the property market without selling their Bitcoin, turning digital wealth into real estate opportunities.
