Australia’s mortgage belt is turning to Bitcoin, as rising rates and living costs push families to take bigger financial risks. Picture: Justin Tallis
Mortgage-stressed families are gambling on Bitcoin to outrun rising interest rates, as new data reveals “crypto belts” across Australia’s outer suburbs.
New postcode data from Bitcoin.com.au has uncovered clusters of cryptocurrency activity concentrated in the nation’s mortgage-heavy growth corridors, highlighting how cost-of-living pressures are pushing everyday homeowners to take bigger financial risks in a bid to get ahead.
Hotspots have emerged across Melbourne’s north and west, Sydney’s northwest, and fast-growing regions in Queensland and Western Australia, areas…
