Broadbeach, Toorak and Mosman lead the country for cash purchases of residential property in an east coast housing market where one-quarter of all transactions are bought loan-free, new PEXA data shows.
The Gold Coast suburb topped the list in calendar 2022 with $1.33 billion worth of cash sales, followed by Melbourne’s inner-eastern Toorak ($893 million) and Sydney’s lower north shore suburb of Mosman ($725 million), figures from the e-conveyancing platform show.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com