Mortgagee sales, deceased estates, and development opportunities. Find properties selling under market value — updated daily from every state.
Search Properties →Browse Domain.com.au →Banks want these sold fast. Mortgagee-in-possession sales often go 10–30% below market value across all states.
View Mortgagee Sales →Executors need to settle quickly. Deceased estate properties are often priced to sell — sometimes well below comparable sales.
Deceased Estates →High-yield rentals, dual-income opportunities, and positively geared investments across metro and regional Australia.
Investment Properties →Australia's biggest property portal. Filter by price and keywords like 'mortgagee' or 'deceased estate' for bargains.
Search Now →Strong listings across all states. Set alerts for new bargain listings in your target suburbs.
Search Domain →Learn the strategies investors use to find below-market deals. Due diligence, auction tactics, negotiation.
Property Books →| Feature | Mortgagee Sales | Deceased Estates | Development Sites | Off-the-Plan (Distressed) |
|---|---|---|---|---|
| Typical Discount | 10–30% below market | 5–20% below market | Varies (land value) | 10–25% below completion value |
| Seller Motivation | Bank wants fast settlement | Executor settling estate | Developer needs capital | Developer needs pre-sales |
| Condition | As-is (may be neglected) | As-is (often dated) | Vacant land/demolition | New but may have defects |
| Due Diligence Risk | High — limited disclosure | Medium — executor must disclose known issues | High — council/zoning checks critical | Medium — check developer financials |
| Settlement Speed | 30–60 days typical | 30–90 days | Varies | On completion (12–24 months) |
| Best For | Experienced investors | First home buyers, renovators | Developers, builders | Investors seeking depreciation |
| Where to Find | realestate.com.au (keyword: mortgagee) | domain.com.au, local agents | Council DA registers, agents | Developer websites, off-market |
A mortgagee sale (also called mortgagee-in-possession sale) occurs when a lender repossesses and sells a property after the borrower defaults on their home loan. Under Australian law, the mortgagee must take reasonable steps to achieve market value, but in practice these properties often sell 10–30% below comparable sales because banks prioritise speed of settlement over maximising price. In 2024–2025, rising interest rates pushed mortgage arrears to 1.6% nationally (APRA data), increasing mortgagee stock across NSW, VIC, and QLD.
Deceased estate properties are listed on standard portals like realestate.com.au and domain.com.au — search for keywords like 'deceased estate', 'executor sale', or 'probate'. Executors are legally required to achieve reasonable market value under state Trustee Acts, but they often prefer a quick, clean sale to settle the estate. Settlement periods are typically shorter and properties are sold in as-is condition, which can mean lower prices for buyers willing to do due diligence.
Yes, but 'below market' requires context. Mortgagee sales averaged 10–20% below median sale price in the same postcode according to CoreLogic data. Deceased estates vary more widely — condition, urgency, and executor motivation all factor in. The real bargains come from properties needing cosmetic renovation (not structural), in areas with lower buyer competition. Always compare the asking price against recent comparable sales on the same street or suburb using RP Data or CoreLogic.
Minimum due diligence for any below-market property in Australia: 1) Title search (check for caveats, easements, encumbrances) via your state land registry. 2) Building and pest inspection ($400–$800). 3) Strata report if applicable ($200–$350). 4) Section 32 or contract review by a solicitor. 5) Council zoning check and flood overlay. 6) Compare against 3–6 recent comparable sales. For mortgagee sales specifically, confirm the power of sale has been validly exercised — your solicitor should verify this before exchange.
Based on APRA mortgage arrears data and CoreLogic listing volumes, the states with the highest mortgagee sale activity in 2025–2026 are: NSW (particularly Western Sydney — Blacktown, Penrith, Canterbury-Bankstown), QLD (Gold Coast, Logan, Moreton Bay), and VIC (Melton, Wyndham, Casey). These are growth corridors where buyers stretched to buy at market peaks in 2021–2022 and are now facing higher repayments after RBA rate rises from 0.10% to 4.35%.
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