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Australian Capital Territory · Council Rate Sales
Official rate-sale notices in ACT Government, Australian Capital Territory. Data gathered daily from official sources.
Updated daily from official sources · 2026
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After a borrower defaults, the lender issues the default and possession notices required by law. If the default is not remedied, the lender takes possession and sells the property under the power of sale in the mortgage, or under a court order. The sale is usually by public auction or private treaty through an appointed agent, with a reserve tied to the outstanding loan plus enforcement costs. A deposit is paid on the day and the balance at settlement through the Land Titles Office. The borrower can repay the arrears — or the whole loan — to stop the sale up until it is completed.
The borrower falls behind on mortgage repayments. Interest and default costs accrue while the arrears build up.
The lender issues the statutory default notice and, if the default is not remedied within the required time, moves to take possession of the property.
The lender takes possession as mortgagee-in-possession, either with the borrower's cooperation or through a court order for possession.
The lender appoints a selling agent or auctioneer and sets a reserve, generally tied to the outstanding loan balance plus enforcement costs rather than a full market valuation.
The property is advertised for auction or private treaty. Order a title search and confirm which mortgages, easements, and other interests the sale will clear before you bid.
The property is offered at public auction or by private treaty and sells to the highest acceptable bid at or above the reserve. The borrower can still repay the arrears or the whole loan to stop the sale until it completes.
The successful buyer pays a deposit (commonly 10%) and signs the contract of sale on the lender's terms, which often limit warranties and disclosure.
At settlement a Torrens transfer is registered at the Land Titles Office and title passes to the buyer. Any surplus after the loan and costs goes to the borrower or a later mortgagee.
Investor tip
The reserve at a mortgagee auction is tied to the debt, so it can be sharp — but the lender owes duties to the borrower to obtain market value, so reserves are rarely giveaways. Order a title search, confirm which mortgages and interests are cleared, and expect the property to sell as is with limited disclosure and vacant possession not guaranteed.
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Yes. If you are the successful bidder and fail to complete the purchase within the contract terms, you generally forfeit your deposit.