澳洲Australia property Site surveys | Sydney
在澳大利亚 Hi all, I currently have a PPOR and 10K cash in the bank which I plan to use as a deposit for a IP early next year. Is it possible for me to place this into my PPOR loan and then redraw the 10K when Im ready for the IP and then claim the int Hi Guys, Ive found a property that has mentioned two payments coming up of $1400 to apparently top up the admin fund and 2 have just been paid. Im looking at a financial statement (basically a balance sheet) for the strata and its all a bit
Just a quick question regarding identification surveys.
We're in the process of purchasing our first IP and have been asked by the conveyancer to confirm that the land outlined under the contract is in fact the property that we inspected.
Also, we've been asked to satisfy ourselves that there are no encroachments from structures on adjoining properties and that no structure on the land being purchased encroaches on an adjoining property.
The property we are buying is pretty straightforward. It's on a rectangular block and is well set back from all boundaries. The adjoining properties are similar with no structures located close to adjoining boundaries. There are no easements on the property.
Is it really necessary to go to the extra expense of engaging a surveyor??
Any thoughts/past experiences on this would be greatly appreciated.
This sounds rather strange, Strangep. The conveyancer should be checking the records & i can only think that they found something unusual.
Ask the conveyancer why they need this info - what problem did they discover.
We had the same thing (I think) a while ago.
Is the surveyor asking to to confirm a particular reference point? I had to split a block into two and had to find the last survey point in the street or the surveyor had to research it and of course cost money?
Don't be afraid to ask why they want you to do this.
Hope this helps
This is fairly normal. Especially where there is a larger than normal block a conveyancer will ask you this question to protect themselves.
My solicitor says he has never had to check a site boundary with a surveyor but they ask all the same. So unless it's a big block or you are particularly concerned about neighbouring properties, this would be an unnecessary expense.
We recently purchased an IP and received the same letter as there was an easement on the back 2 metres of the property. I think a lot of times, it's just for you to confirm that it's the correct lot on the plan. I've never gone ahead with a surveyor,
l agree with the others, your conveyancer is just protecting themselves by recommending that you have a surveyor confirm the land dimensions you are buying. We have had this recommendation made to us in nearly all purchases.
l do measure the land with a tape measure and have never had a problem.
I'd speak to the conveyancer to see if there was a particular reason why this got triggered? ie. heard something about the street, etc...
I'll give you an example of a street in Altona, when that street was subdivided many years ago (around 50yrs now I'd say at least) the first person built in the incorrect boundary & put up the fence & everyone just assumed their frontage was x meters from that fence... & you guessed it, the entire street boundaries are out of wack (by not centermeters, but meters!)... my solicitor that is in Altona was telling me this & it was a mess (as houses are built on the boundaries, etc...) so looks like everyone in that street just lives with that (can't see the entire street of houses being demolished just to correct their boundaries) & various paperwork gets drawn up to reflect this upon sales...
I have a similar story to Mannyb...
I heard of a loooong street where the boundaries were at an angle to the road, of about 30 degrees... anyway, people started building at one end of the street, and someone started building at the other end too... The only problem was that one lot read the angle incorrectly and ended up reversing it...
Where the street should have been:
_/_/_/_/_/_/_/_/_/_/ (you get the idea...)
It turned out:
Wasn't the bloke in the middle cross? !!
The thing was, the Council surveyors were at fault, as they had put the pegs in!
The end of it all was, the council had to pay to get half the street resurveyed, and titles sltered, and had to buy the little triangle off the middle people, I believe they formed a park.
In any case...
To better answer strange's question, the reason the conveyancer is asking you to check the boundaries is to cover his but. You will have to sign a disclaimer to say that you have checked them and are happy with them.
But, even if you find that the boundary is out, there may be little you can do about it. There has to be what's called a 'serious misdescription' in the land before you can claim any deficiencies.
This misdescription varies between properties, and between areas. For instance, if you have a townhouse in Carlton, the land value is such that if the boundary is out by 6 inches it could be possible that you would be able to claim, whereas, if you were, say, in Kangaroo Flat, the boundary may have to be out by several feet, before a serious misdescription would be claimable. Hundred acre farms would require several acres to be out before a claim was possible... see?
hope this helps...
Yep, it does appear as though the conveyancer is just covering his butt. I did ask him if he had uncovered anything that made him suspect that there would be problems and he replied that it was standard procedure to check boundaries and encroachments etc.
I've got some people going round there in the next week or so, so I'll get them to do a quick measure up. It's a pretty straightforward block in an ordinary street so I can't see any problems.
Thanks all for your responses.