Warning over quality of LIM reports

LIM reports, one of the key protections for house buyers trying to avoid buying "lemons", are not the protection people believe, an investigation shows.

The Consumers' Institute study claims the quality of land information memoranda (LIM) reports depends on where you live. And councils are warning ratepayers not to trust the contents of these reports, the study found.

LIMs are intended to provide certain basic information about a house, such as whether it complies with the building code, is prone to flooding, or has a protected view.

But Consumer has found they often do not contain all the information they could, or should. Vital items often not included are:

Read More - Opens in a new window