Buying Guides
Property Due Diligence
Due diligence is the homework that protects you from expensive surprises. This guide covers the key checks to run before you commit to a purchase.
Checking the property itself
A building and pest inspection reveals the physical condition and any hidden problems. For strata properties, reviewing the owners' corporation records shows the building's financial and maintenance health. These checks can save you from inheriting someone else's problems.
Checking the paperwork
The contract of sale, title, zoning, and any covenants or easements all deserve scrutiny. A conveyancer or solicitor reviews these to make sure there are no nasty conditions or restrictions attached to the property.
Checking the surroundings
Look beyond the fence line: planned developments, flood or bushfire risk, and the character of the area all affect your decision. We introduce you to independent, licensed inspectors, conveyancers, and buyers' agents to help you cover every base.
Related reading
- Research and due diligence mistakes — what happens when buyers treat the listing as research.
Frequently asked questions
What is the most important due diligence check?
It depends on the property, but a building and pest inspection and a legal review of the contract are almost always essential.
Can a conveyancer help with due diligence?
Yes. A conveyancer or solicitor reviews the contract, title, and legal issues. We can introduce you to one.