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I look at it from the view that if you are going to be spending $200000+ on an investment, you want to make sure you arent getting into something which might be a flopper. Doesnt matter if it is property or managed funds or stocks, but at the end of the day in my view the guy who is selling...

Mish & Simon brings up an interesting point though. This will probably come out like I'm a fwit but in a similar vein.... I've had a few properties where I've rung up the bris council, told them I'm looking at buying a property at 123 xyz st and they will offer up what the rates are, lot...