Five properties to go under hammer at debt recovery auction

Gunnedah Shire Council

Gunnedah Shire Council will auction five properties on Friday, 31 March to recover rates and charges that have remained unpaid for more than five years.

The auction comes following a lengthy process of contacting owners for payment, and public advertising.

The five properties are all vacant land, and are in Gunnedah, Breeza, Kelvin, and Emerald Hill. As at 22 March 2023, a total of $21,033.54 was owed on these properties by various owners, and this auction will be held to clear the total outstanding amount.

Property owners have until the time of the sale to make arrangements satisfactory to the Council for payment of outstanding rates and charges, otherwise the land will be sold by public auction by Lakeford Real Estate at The Civic, 83 Chandos Street, Gunnedah on Friday, 31 March at 11am.

The Local Government Act 1993 states surplus funds from the auction of properties with outstanding debts are held with Council's Trust Fund pending discharge to persons having interest in the properties. Where no claim is forthcoming, the balance of sale proceeds is remitted to the State Government in accordance with the Unclaimed Moneys Act.

/Public Release. This material from the originating organization/author(s) might be of the point-in-time nature, and edited for clarity, style and length. Mirage.News does not take institutional positions or sides, and all views, positions, and conclusions expressed herein are solely those of the author(s).View in full here.