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.

UPDATE: Queensland Scraps New Land Tax Changes

If you are looking to invest in property, it can often be difficult to decide which kind of property will be right for your strategy and buying rules. The decision between the house and land option and an existing property can be confusing. Here are the pros and cons of purchasing house and land and existing property.