Doing your research when buying a house
When you're looking at buying a property, you cannot overestimate the importance of doing your ...
When you're looking at buying a property, you cannot overestimate the importance of doing your research and understanding everything you can about your potential new home.
As well as getting building reports and pest inspections, you may be interested in finding the past sale values for your residential property.
Unlike hunting down your family history, finding the family tree of your home can be a little trickier.
For a fee, sites like PropertyData can give you access to historical sales records. This is especially useful for properties sold at auction, although due to privacy laws in some states, it can be difficult to get hold of the statistics for private sales.
It can also be worthwhile to check the Land Titles Office, which keeps a register containing titles to all land under the Land Title act, and provides public access to the register. Again, there are fees involved for access to the records.
Public record offices around Australia can also be useful in hunting down the history of a property. They often have guides available to help you in your search.
Real estate agents equally have a wealth of knowledge, and will happily point you in the right direction and often lend a hand, even when you're looking at selling a house.