Property management is often the heartbeat of a real estate agency, and property managers play a critical role in both looking after properties and landlords, as well as managing tenants.

At its meeting today, the Board decided to raise the cash rate target by 25 basis points to 4.35 per cent. It also increased the interest rate paid on Exchange Settlement balances by 25 basis points to 4.25 per cent.

Buying a distressed property can be a good way to secure yourself a better deal, however, these types of properties are often going to come with a few strings attached that you need to be aware of.