Access to NSW Home Inspection Audits Set to Start 1

Monday, April 4th, 2016
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The NSW government is set to make property inspection reports more accessible in a move it hopes will save potential home buyers hundreds of dollars.

From July real estate agents will be required to disclose all the inspection reports taken out on a property they hope to sell.

The aim is to give more information to property market start-ups which try to reduce the cost of buying inspection reports.

“Building and pest inspection reports can cost anywhere from $200-$600 each, which represents a significant outlay for potential buyers,” Minister for Innovation and Better Regulation Victor Dominello said.

Allowing start-ups and disrupters to offer more inspection reports will increase competition and reduce the price of the reports for potential buyers, he said.

Mr Dominello said the policy would be the first of its kind in Australia.

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  1. Mark Whitby

    What a naive policy.

    Firstly most buyers who have an inspection carried out for them want their reports kept confidential, because they have paid good money for their reports. Legal implications will otherwise be the result.

    Secondly the real estate industry controlling the ownership of these reports sounds ludicrous legally… and those property inspectors who agree to have their reports (particularly if they are the only report shared with prospective buyers) raises a multitude of legal possibilities to do with ineptitude of the writer and the resulting misleading of the public, the possibility of collusion, the possibility of negligence plus the over-riding law of agency, to mention but a few of the many likely outcomes.