Real estate agents will soon need to disclose all inspection reports taken out by a vendor or potential buyer when listing a property under new reforms.
The reforms were announced by Minister for Innovation and Better Regulation, Victor Dominello, who said it would reduce duplication of inspection reports, promoting peer-to-peer services that offer discounts to consumers.
Amendments to the Property Stock and Business Agents Regulation 2014, will require agents to provide buyers who take out a sales contract with the names of companies which have recently completed inspections of the property. The register will also need to indicate which firms enable peer-to-peer sharing discounts.
Under the new laws which are due to come into effect before July, agents will also be required to update t... Read More
Archicentre, the building advisory service of the Royal Australian Institute of Architects has issued a deadly warning on the state of Australia's balconies and decks following another collapse injuring twelve people at Hurstbridge in the north of Melbourne on Saturday night.
General Manager of Archicentre David Hallett said that as a safety measure, all homeowners should carefully check the support beams and posts looking for soft, spongy sections of compressed timber.
"Apart from the possible injury or death to family members or friends, home owners would be foolish to ignore the legal liability and damages claims which could arise from a collapsing deck which is proven to be in poor repair." Archicentre's pre-purchase home inspection statistics show that approximately 6% of Australian home... Read More
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