Property development

Some common questions about Property Development and the law:

Due diligence is about conducting checks on the property you are looking to purchase, in order to satisfy yourself that everything is in order and there are no problems. You should not just assume that everything the Vendor says is correct. There may be issues with the property that they are not aware of. For example, contaminated soil could make your property development uninhabitable in the eyes of the law.

No. You should always conduct further checks before committing to buy based on the pre-existence of a DA. You may find that your plans for the development require amendments to the DA and further applications that may or may not be approved. Making assumptions based on an existing DA could prove very costly.

Under the Home Building Act there is a maximum penalty of $22,000 for knowingly employing an unlicensed contractor. For a corporation the maximum penalty is $110,000.

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