What is Home Title Insurance and Why Is It Important?
July 8, 2025
The purpose of the final inspection by a purchaser is to check for damage since the Day of Sale or missing items. Refusing to settle over such issues will result in the buyer being in default, and then possibly forfeiting their deposit.
Instead, buyers should raise any concerns with their conveyancer to explore options such as seeking compensation at settlement for any discovered damage or missing items.
However, section 34 of the Sale of Land Act 1962 does allow a purchaser to end a contract if the dwelling has been destroyed or damaged since the Day of Sale as to become unfit for occupation, provided that they do so within 14 days of becoming aware of the destruction of or damage to the dwelling.
What to Do if You’re Unhappy with your Final Inspection
1. Contact Your Conveyancer Immediately
This is your first and most important step. They can advise you on your contractual rights and the best course of action.
2. Document Everything
Take detailed notes and photographs of any issues you find to build your case.
If you have conveyancing questions and concerns, contact Glenferrie Conveyancing on (03) 9815 2351 or send a form through this link.
