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.