A quarter of homes sold in eastern Australia in 2022 were bought without a mortgage, data reveals

More than $122bn worth of houses and residential land were cash funded last year

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More than a quarter of residential properties sold in Australia’s eastern states last year were bought without a mortgage, suggesting there is a sizeable cohort unaffected by aggressive interest rate rises aimed at taming inflation.

Roughly 25% of home and land sales in New South Wales, Queensland and Victoria were made without a mortgage, according to the property data firm PEXA.

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