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Home World NewsAustralia politics live: Victorian homebuyers to be given free pest and building reports under new Jacinta Allan plan | Australia news

Australia politics live: Victorian homebuyers to be given free pest and building reports under new Jacinta Allan plan | Australia news

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Victorian plan to see homebuyers given free pest and building reports

Benita Kolovos

Benita Kolovos

Buyers would no longer have to foot the bill for costly building and pest inspections, under a plan to be announced by the Victorian premier, Jacinta Allan, later this morning.

Allan will announce that if Labor is re-elected in November, it will develop a mandatory building and pest inspection scheme, with legislation to be introduced to parliament in 2027. Under the plan, vendors would be required to organise and pay for the inspections and make the reports available to all potential buyers.

The government pointed to data from the Consumer Policy Research Centre, which found building and pest inspection reports can cost up to $600, with almost half of all buyers paying for multiple inspections in the process of finding a home. The centre also found that 17% of buyers were “buying blind” with no reports, due to the cost and hassle involved.

In a statement, Allan said the “status quo isn’t working”:

double quotation markSome buyers spend thousands on multiple reports. Some roll the dice and go without. When you buy a car, the seller pays for the roadworthy. It should work the same way when you look for a home.

Currently, the Australian Capital Territory is the only jurisdiction in Australia with such a scheme. There, vendors pay for inspection reports, which must be completed within three months before sale – though they aren’t required for new builds. After the contract is signed, the vendor can recover the report costs from the buyer.

Allan said she would consult with the ACT and with industry to draft its own scheme.

The minister for consumer affairs, Nick Staikos, said:

double quotation markDoing the due diligence for your big purchase should be as simple and affordable as possible. We’ll do the work to make sure our scheme is watertight and protects buyers from conflicts of interest.

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