NewsBite

The elite suburbs where buyers pay in cash

Michael Bleby

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.

Loading...
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

Latest In Residential

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/residential/mosman-toorak-broadbeach-suburbs-where-buyers-pay-in-cash-20230606-p5dehr