Understanding Distress Sale Property in Australia

A distress sale property may be sold because the owner is dealing with financial pressure, relocation, changes to an investment or other circumstances requiring a quicker sale.

If you're considering a distress sale property, don't just focus on the asking price.

Check the property's condition, recent comparable sales, outstanding costs and local demand before making a decision.

Doing a bit of homework can help you understand the property properly before moving forward.