Buying blow Gold Coast

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Buying blow Gold Coast

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Gold Coast family say seller disclosure laws could have stopped them buying termite-damaged home

Buying blow Gold Coast

By Mackenzie Colahan. ABC Gold Coast. Topic: Laws. Zara and Shaun Sarson did everything right when they bought their first house in , but it was so badly infested with termites it had to be knocked down. To make matters worse, they say the real estate agent who sold them their home knew it had termite damage, but did not tell them. After a long battle for compensation, the Gold Coast couple say they are hundreds of thousands of dollars out of pocket. One of the active termite nests behind a power point in the bathroom. Supplied: Zara Sarson. The Sarsons believe new legal protections to ensure other homebuyers in Queensland are not left in the same situation cannot come soon enough. The Queensland government passed legislation in October that requires owners to disclose 'all relevant information' about a property to the buyer before the sale. Mandatory disclosure schemes already exist in other states like New South Wales and Victoria. But in Queensland, there is still no start date for the new laws six months after they were passed. Zara and Shaun Sarson bought their home on the Gold Coast in The inspection report seen by the ABC stated there was 'no visible evidence of termite activity or damage'. Three months after moving in with their two young children, the couple discovered termites crawling out of a power socket in the bathroom. Termites were crawling out of the electrical sockets. The damage was so widespread, the house was deemed too dangerous to live in and had to be demolished. The Sarsons later found out the property had earlier failed pest inspections commissioned by another prospective buyer. Those inspection reports, also seen by the ABC, found 'severe, widespread' termite damage and warned there was 'high risk' of additional undetected damage. The house was assessed to be in 'below average condition' because of structural defects like wood rot, moisture and drainage issues. Emails seen by the ABC show the prospective buyer had sent those reports to the real estate agent, but the agent was not obliged to disclose the defects. The home had to be demolished three months after the Sarsons moved in. The Sarsons said during the demolition, termite holes were uncovered in the kitchen floor that had been patched up with plasterboard. The Sarsons have lived in eight rental properties in the past five years and tried unsuccessfully to sell the land. In the end, they took a second mortgage to rebuild on the same block. The structural damage was so widespread the property was deemed unsafe to live in. The ABC has not identified the building and pest inspector for legal reasons. Guy Gibbons says Queensland's seller disclosure scheme is not as onerous as Victoria's. The real estate agent who sold them the home no longer works in the industry. Ms Sarson said her family was still dealing with the ripple effects financially and emotionally. But we thought we did everything we were supposed to do,' she said. Property lawyer Guy Gibbons said while the Sarsons had a strong case, litigation was expensive and often did not recover all of the money. The Queensland government is still deciding when to bring its new laws into effect and is yet to define exactly what 'relevant information' sellers will have to disclose. The state's property laws are 50 years old and the reforms are the result of a government-commissioned review by the Queensland University of Technology in , which made more than recommendations. AAP: Darren England. Queensland Attorney-General Yvette D'Ath said the government wanted to ensure the real estate industry was given sufficient time to prepare for the changes. Supplied: REIQ. While the Sarsons' own inspection did not protect them, they believe a mandatory disclosure scheme could have. It just blows my mind. We acknowledge Aboriginal and Torres Strait Islander peoples as the First Australians and Traditional Custodians of the lands where we live, learn, and work. Gold Coast family say seller disclosure laws could have stopped them buying termite-damaged home. Footer ABC News homepage.

Buying blow Gold Coast