Research by PEXA found that 28.5% of properties purchased in NSW, Queensland, and Victoria last year were bought without a mortgage, often by older, retired, and 'asset-rich' Australians. Cash-only purchases topped $1.
4 billion in Surfers Paradise, with Tara in regional Queensland having the greatest proportion of cash buyers. PEXA's chief economist Julie Toth predicts an increase in cash buyers as the population ages.
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