Due Diligence

What you need to know before buying a residential property

An Overview:

Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you buy it. This checklist aims to help you identify whether any of these issues will affect you. The questions are a starting point only and you may need to seek professional advice to answer some of them.
From 1 October 2014, all sellers or estate agents must make this checklist available to potential buyers of homes or residential property. Sellers or estate agents must:
  • Ensure copies of the due diligence checklist are available to potential buyers at any open for inspection
  • include a link to this webpage (consumer.vic.gov.au/duediligencechecklist) or include a copy on any website maintained by the estate agent or the seller (if no estate agent is acting for the seller).
  • print a copy here: Due Diligence Checklist