With sydneys interest rates rising. Does anyone know who the banks have their mortgagee sales with?

Question

Real Estate agents? which ones anyone else?

Answer 1

Banks tend to use local agents for their sales. Mostly they will use the big franchise chains. There may be a connection with the head office of the franchise, in which case commission is shared. Often you will not know that it a mortgagee sale until you see a contract.

There are also a large number of forced sales. The banks do not actually take possession of the property, but force people to sell in their own names using the threat of repossession.