What to Know Before Buying a Property?

Caveat Emptor – Buyer Beware

All property sales in Queensland are based upon the principle of buyer beware. When Buying a property, It is the responsibility of the buyer to thoroughly investigate the property themselves rather than rely on information provided to them by the seller. Find a Brisbane Property Lawyer.

Buying a property for the first time is perhaps one of the biggest financial decision you will make in your lifetime, which is why it is important to investigate the property as comprehensively as possible.

As many properties have improvements made to them over the years (built after the original structure was constructed) such as carports, pools, sheds, decks and other renovations, it is important to determine whether these additions have council approval.

How to Avoid Problems when Buying a property?

Building Records Search

Before purchasing or Buying a property, it is recommended that you undertake a “inspection of building records search” with the Council to identify any structure or improvement built on the property post 1986.

This search confirms whether any additions have been made to the original structure, and whether these additions have received a final inspection certificate from the local authority. The issuing of a certificate indicated compliance with Council regulations

QBCC Insurance Search
As a buyer, you should also undertake a Queensland Building Services Authority search for any dwellings or improvements built on the property within six years.

Prior to Signing the Contract
The current standard contract in Queensland does not provide a clear right to terminate (as the buyer) if additions or improvements are found to be non-compliant.

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