Had a discussion on Twitter today about a higher growth rate for $100 notes in circulation, I suggested it might be an increase of foreign buyers using a cash deposit to buy property. A real estate agent called this out as nonsense, said a vendor would take another offer before taking a deposit in cash (too risky). I have read media reports of Chinese investors buying with suitcases full of cash (or perhaps used for the deposit), are such reports just nonsense? Have you ever accepted (or paid!) a substantial property deposit (i.e. $10k+) with cash? If you are a real estate professional (solicitor / conveyancer/ agent), have you ever or would you refuse to accept cash and take an offer from another party with a lower offer if there was no compromising with the buyer who wanted to pay using this method?