Cash buyers flock to Melbourne CBD, Gold Coast apartments

According to The Australian Financial Review, cash buyers piled into Melbourne’s CBD during the June quarter, snapping up 601 apartments, the largest volume of mortgage-free residential property transactions of any suburb in the country, amid signs downsizer activity is ramping up, data from online conveyancing firm PEXA shows.
This comes as the number of homes sold without a mortgage jumped sharply across the biggest states during the same period, with Victoria posting a 24.3 per cent rise, NSW notching a 31 per cent increase and Queensland lifting 14.4 per cent.

https://www.afr.com/property/residential/cash-buyers-flock-to-melbourne-cbd-gold-coast-apartments-20230719-p5dpf5