How To Avoid Buying In Flood Zones
There are a few parts of Brisbane that are affected by floods, just like there are a few suburbs in Sydney and Melbourne that are affected by bush fires.
That said it’s vital to do a flood search before inspecting any property in Brisbane.
To do a flood search, you simply jump onto the local council website and follow the links to get a flood report on a specific property (or call them).
We avoid properties that have anything over a 0.01% chance of flooding.
We also think it’s important to put a due diligence clause in your contract and have your Solicitor do another flood search to make sure everything looks ok.
Successful investors understand how important that extra due diligence can be.
Follow Us Online Here:
Subscribe To Our Podcast, The Pumped On Property Show, Here:
DISCLAIMER No Legal, Financial & Taxation Advice
The Listener, Reader or Viewer acknowledges and agrees that:
• Any information provided by us is provided as general information and for general information purposes only; • We have not taken the Listener, Reader or Viewers personal and financial circumstances into account when providing information; • We must not and have not provided legal, financial or taxation advice to the Listener, Reader or Viewer; • The information provided must be verified by the Listener, Reader or Viewer prior to the Listener, Reader or Viewer acting or relying on the information by an independent professional advisor including a legal, financial, taxation advisor and the Listener, Reader or Viewers accountant; • We do not hold an Australian Financial Services Licence as defined by section 9 of the Corporations Act 2001 (Cth) and we are not authorised to provide financial services to the Listener, Reader or Viewer, and we have not provided financial services to the Listener, Reader or Viewer.