What is a building inspection report and is it necessary?

• A building inspection report is a pre-purchase report obtained by the purchaser which outlines the condition of a property. It is the purchaser's responsibility. It is strongly recommended that you obtain a building inspection report prior to the exchange of contracts. This document will ensure that the quality of the property you are intending to purchase is up to your standards as well as the standards of the building inspector who undertakes the report.
• A building report contains sufficient information for you to evaluate the property’s condition and identify any structural defects evident from visual inspection. A building inspection report usually costs between $250-$350 but can vary depending on the type of building and your state or territory. The building inspection report may be obtained directly by the purchaser, by the purchaser's lawyer or by your conveyancer. In any case it should be obtained from reputable firms that have adequate professional indemnity insurance cover. 
• If you have any concerns relating to a building inspection report you can use our free and anonymous Ask a Lawyer service to get information specific to your situation.