Planning to invest in a luxurious property but can’t afford it? Real Estate NFTs on Bitstake are revolutionizing how people invest in premium properties by enabling fractional ownership. The latest example is the Australia 108 NFT, which allows investment in the most popular residential supertall skyscraper in the Southbank precinct of Melbourne, Australia, for as low as only A$1,016 per token.

How does it work?

Australia 108, in Melbourne, is an ultra-luxury apartment skyscraper, with a single apartment costing A$700,000-A$800,000 or more. At the regular price, this would be inaccessible to most people. However, Bitstake has introduced a revolutionary way to invest in premium real estate through tradable NFTs. Here’s how it works.

All properties listed on the Bitstake platform are fractionalized and tokenized on the blockchain, to be sold as non-fungible tokens or NFTs, which are unique indivisible digital assets used to store and transfer ownership information.

For example, this “Australia 108–1 Bedroom 1 Bathroom” apartment listed on Bitstake has been fractionalized into 710 equal fractions, each represented by a non-fungible token (NFT). Each NFT is priced at A$1,016, which means you can own a fraction of this lavish apartment for just A$1,016.

Additionally, the apartment pays an annual percentage yield (APY) of 5–6%, which, in simple terms, means that you’ll receive a 5–6% annual interest on your investment, making it a wonderful passive income source for investors. Where does this payment come from, well the apartment would be occupied by a tenant and therefore the rental income is your APY.

Property Details

As of now, two apartments in the Australia 108 Skyscraper are listed for sale on the Bitstake platform. The details are as follows:

1.Australia 108–1 Bedroom 1 Bathroom

Minimum investment: A$1,016.00 Per NFT (BIT)

Total NFTs (BITs): 710

Apartment Price on Bitstake: $723,500

APY: 5–6%, paid annually

Investment Type: Fractional Ownership

Includes: 1 bedroom | 1 bathroom

2.Australia 108–2 Bedroom 1 Bathroom

Minimum investment: A$1,070.00 Per NFT (BIT)

Total NFTs (BITs): 800

Apartment Price on Bitstake: $858,400

APY: 5–6%, paid annually

Investment Type: Fractional Ownership

Includes: 2 bedrooms | 1 bathroom

How to buy?

• Open https://bitstakeplatform.com/properties to see the latest property listings
• Select the property you want to invest in and click “Details”
• Read property details and click “Invest Now”
• Make the Payment

About Australia 108

Australia 108 is Melbourne’s tallest residential skyscraper. With a 319-metre height, it offers stunning views of Melbourne and beyond. The apartments are mostly residential and range from contemporary studios to expansive penthouses, all equipped with ultra-luxury features and spacious designs. Residents enjoy natural light through floor-to-ceiling windows in all apartments. The building also features premier amenities like an infinity pool, a world-class gym, and a spa. Located in the posh Southbank area of Melbourne, it provides easy access to the city’s top landmarks, markets, shopping, and cultural destinations, along with excellent connectivity throughout and beyond Melbourne.

What is Bitstake?

Bitstake is a state-of-the-art real estate investment platform that uses blockchain and NFT technologies to enable investors to buy and trade properties fractionally.

BitStake aims to bridge the gap between real estate investors and developers, providing a globally accessible, secure, and cost-effective way for both parties to connect and transact. For investors, it makes real estate investments less complex and time-consuming and more accessible. For property developers, it offers a new, revolutionary way to sell tokenized real estate for higher liquidity and convenience.

Originally published at https://bitstakeplatform.com.