While Australia has done quite ok compared to the rest of the world with regard to foreclosures, mortgagee sales and auctions, there appears to be enough out there for those looking to get a good property at a price not hyper inflated like the rest of the market.
You can get mortgagaee sales listings from the various real estate agents and banks. I was looking around for a few such properties but had to settle for a 6 month lease because it was not easy to find a collection of listings.
So, where can you find mortgagee property listings on the web? Answer: have a look at Oz Mortgagee.
Quick review :
Covers mortgagee, trustee and deceased listings. Has featured properties for NSW, VIC, SA, QLD and ACT. It covers mortgagee and trustee properties in the major city area suburbs around Sydney, Melbourne, Brisbane, Adelaide and Canberra as well as outer rural areas.
A search engine appears to let you check if there are mortgagee/trustee properties in a suburb. You enter your suburb in the search and get a chance to filter the results for Mortgagee, Trustee and Deceased listings (if there are any). If you click on one of the States links, you also have a chance to click on the first letter of the suburb name to see all suburbs starting with that letter. Clicking on a suburb name brings up search results as mentioned previously which needs to be filtered.
It does not (yet), cover WA, TAS and NT.
