Before you buy a home or vacant residential land, you need to be aware of a range of issues that can affect the property and impose restrictions or obligations on you, should you decide to buy it. The Due Diligence Checklist is to make you aware of any possible issues that you should research prior to purchasing.  The checklist is a number of questions as a starting point only and you may need to research them further and seek professional advice to answer some of them.

As of the 1st of October 2014, all sellers or estate agents must ensure this checklist is available to potential buyers of homes or residential property.

Sellers or estate agents must:

  • ensure copies of the due diligence checklist are available to potential buyers at any open for inspection
  • include a link to the Consumer Affairs Victoria webpage consumer.vic.gov.au/duediligencechecklist or include a copy on any website maintained by the estate agent or the seller (if no estate agent is acting for the seller).
  • you can view a copy of the checklist by following he above link to Consumer Affairs Victoria, which has more detailed information regarding the checklist requirements.