Buying foreclosed homes

By Nila Sweeney

Interest rates may have slipped to more affordable levels, but rising unemployment and a depressed share market have ensured there are still and will be plenty of foreclosed homes available to investors in Australia.

When approached and researched properly, buying a foreclosed property can cut 10% to 30% off the usual purchase price.

We show you how and where to find these properties in the May issue of Your Investment Property, out on sale now!