Today, we're diving into a topic that's making waves in the property market.
I’m joined by Julie Toth, Chief Economist at PEXA, to discuss the findings of their 2023 Cash Purchases Report, which sheds light on a startling trend: over a quarter of residential properties in Australia's eastern states were bought with cash in 2023.
These cash buyers were immune to interest-rate heights and in a market typically swayed by mortgage rates and lending criteria, so together with Julie, we'll explore the implications of this trend, the profile of these cash buyers, and what it all means for the future of the Australian property landscape.
From potential impacts on housing affordability to the ripple effects on the broader economy, we're set to uncover some truly eye-opening insights.
Links and Resources:
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Details of Pexa’s 2023 Cash Purchases Report are here.
Shownotes plus more here: Believe it or not – more than one in four properties were purchased with cash in 2023 with Julie Toth
Property Investment, Success & Money | The Michael Yardney Podcast