50-51% of property purchases in Melbourne's CBD and Carlton were cash transactions in 2023, according to PEXA data.
50.6% of property purchases in Melbourne's CBD and 50% in Carlton were cash transactions in 2023, as per PEXA data. Despite an increase in land tax in Victoria linked to property investors selling properties, they have still been among the cash-only buyers in the inner city. In Carlton, 50.6% of homes were purchased without a mortgage, while in the CBD, the figure was 50.6% involving nearly 1,700 residences.
April 20, 2024
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