Council Unpaid Rates/Sheriff Auctions

Find Sheriff Property Auctions & Council Properties For Auction Unpaid Rates

Sheriff auctions and council "properties for auction" for unpaid rates can be great ways to secure under-market and off-market real estate bargains. These auctions are a great way to start property investment and build wealth from very little capital. A smart purchase at a sheriff or council auction could help you secure your first investment property without borrowing large sums of money or taking on significant debt. A council property for sale or council land sale will always be below market value. 

Government Repossessed Homes For Sale in Australia

Looking for government-repossessed homes for sale to grow your property portfolio? You’ll find the best listings ready to browse when you sign up for REDA.  

Government properties can provide great opportunities for the smart real estate investor. But it all starts with finding the right deal. At REDA, we do the hard work for you. Our platform crawls Australia’s biggest and best real estate websites and extracts listings for cheap government houses and land for sale. Any Government land for sale or government property auction is a great way to secure under-market-value property.

Sign up to REDA for a free 30-day trial, and you can browse and filter under-market government property listings from around Australia. Forget about searching and comparing listings across multiple websites. REDA saves you time and collects all the best property deals together in one place. From government repossessed homes to cheap government land for sale, you’ll find a great addition to your portfolio.  

How To Find Cheap Land For Sale and "Properties For Auction?
 

Cheap land for sale up to 70% below market value is achievable (see our property case studies). Why is the land cheap? Because the council only want to recover the unpaid rates and legal costs, not the real value of the land. So finding "cheap land for sale" via unpaid rates auctions is a small niche in the property market, not many property investors are aware of.

With REDA, you can access the latest listings for sheriff and council auctions from around Australia. These listings generally don’t appear on major real estate websites, so they can be harder for inexperienced investors. But not if you subscribe to REDA. Our property experts use their sources and expertise to personally find and share these lucrative listings with the REDA community, passing the opportunities on to you. 
 

We have brought land for $500 a block in Nymagee NSW, Australia, from the council for unpaid rates. Now that is "Cheap land for sale". 
 

Also, we have brought "cheap houses for sale" for $5,000 (Queenstown TAS). Now that a "Cheap house for sale", also a house at (Tudor St  Bourke NSW) for $6,000. Although these are real case studies, you will still have to do the hard work and due diligence when attending the "unpaid rates auctions".
 

"Cheap houses for sale" are in the market; the other category on our website is "mortgagee sale/ deceased estates" properties.
 

Sign up today for a free 30-day trial, and you will have access to all our sheriff and council rebuy listings. You can filter and search our listings according to your particular preferences.

Subscribe to REDA now and browse Australia’s most comprehensive range of under-market value and off-market real estate listings.

What Are Unpaid Rates Council Auctions?

Unpaid rates council auctions, also known as council property auctions or rate recovery auctions, occur when property owners fail to pay their council rates (local government taxes) for an extended period. To recover the unpaid amounts, councils can sell these properties through public auctions.
 

"Cheap land for sale" and why it is cheap?  Properties that have more than four years’ worth of overdue rates can be seized by the council and listed for sale under the Local Government Act. These properties will generally be sold at or under market value and driven by motivated sellers looking for a quick sale.  

Sheriff auctions occur when the court directs the sheriff to seize and sell a person’s property due to an unpaid court-ordered debt. The sheriff is only permitted to sell seized real estate by the bargain.

Sheriff and council auctions represent great opportunities for securing off-market properties for substantially less than their market value, allowing for excellent potential return on investment. You will also be dealing with motivated sellers who are not driven by profit but rather the need to quickly and simply complete the sale. Because these bargains aren’t as widely advertised as most property sales, less competition often drives up the bids, which helps you land a bargain.

Risks Involved

A sheriff or council auction is a little different from other property rebuys. Buyers may find they have fewer rights or flexibility than under normal circumstances. For example, the properties for bargain usually can’t be inspected prior to the auction as the sheriff or council does not actually obtain possession of the property as part of the sale process.

The sheriff/council is not required to provide a vendor’s statement, and the contract of sale is not standard and may have certain guarantees removed.

When purchasing sheriff or council auction properties, it is vital to understand the process and ensure you have adequate legal advice.

When seaerching for " investment properties for sale" this website catergory will not disapoint !!!

Sign Up To REDA Today!

To start browsing and find "CHEAP LAND FOR SALE", our comprehensive sheriff and council auction listings, sign up today for a free 30-day trial. You’ll get immediate access to all our premium features, including our complete database of under-market value and off-market real estate listings, our expert property investment resources, and more. You can also call our team to learn more about how our platform can help you find the perfect investment property for your portfolio.