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Planning due diligence checks - image of vacant block with wire fence around it.

Can a deeper dive into the planning rules before buying truly safeguard your client from future headaches or missed opportunities? Yes, absolutely.

Image of real estate agent in front of a property at an open home, garden gate in the background.

Selling a property in Melbourne or in Victoria often involves more than just presenting the existing building or land. Many buyers are looking at potential – the possibility of renovating, extending, subdividing, or changing the property’s use down the track. However, uncertainty about what’s allowed under Victoria’s planning rules can be a major challenge, leading to buyer hesitation, lower offers, or resulting in a property up for auction being passed in.

The title for a property my client is buying has a ‘Section 173 Agreement’ registered on it. What does this signify, and what are the potential ongoing obligations?