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Block Earner Launches Australia’s First Bitcoin-Backed Home Loan
HomeNews* Block Earner introduced Australia’s first Bitcoin-backed home loan, allowing borrowers to use Bitcoin as collateral without selling it.
The Federal Court’s April decision found that Block Earner’s crypto lending did not fall under the definition of “financial products” according to the Corporations Act. This removed the licensing requirement for using Bitcoin in mortgage arrangements. The company says its process offers a new way to measure creditworthiness, as typical mortgage approvals focus on income, cash, and superannuation, which is Australia’s required retirement savings program.
The development follows related moves in the United States. On June 25, the director of the Federal Housing Finance Agency asked Fannie Mae and Freddie Mac to examine ways to count regulated crypto exchange holdings as reserves in mortgage assessments. A bill submitted to the U.S. House of Representatives on July 15 proposes that lenders consider crypto assets held on regulated platforms for mortgage eligibility, without requiring conversion to dollars.
Housing affordability is a key concern in both countries. In Australia, average home prices are nearly 10 times higher than the median household income, while Sydney’s ratio reaches almost 14 times, according to a Demographia report. In the U.S., median home prices reached about $420,000 in 2024–2025, around seven times the median income, according to housing market data. A Department of Housing and Urban Development report counted over 653,000 people without homes in the U.S. in January 2023.
While real estate prices have continued to rise in both countries, the cost of property has decreased relative to Bitcoin values, with the cryptocurrency up nearly 87% in the past year.
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