Hi all,
I've been doing a fair bit of searching, and came across this forum. Looks like a great place to get questions answered.
So the wife and I (first time property buyers) put in an offer on a nice townhouse in Yeronga, but it is apparently within a flood prone area. We did not know about flood maps right until after we put in the offer!
Apparently it will only be affected by a once in a hundred year flood, in which case it will receive 0.2m of flood water.
According to the property reports, units to the rear will not be affected, but from all external appearances, the units all seem to be on level ground. I am not sure if the flood map has been updated to reflect that the builder may have levelled the ground to the highest point during construction.
My worry is that the house might either get flooded at some stage, or will not perform well value wise as a result of this or might be difficult to sell in future. Would any of you go through with such a purchase?
Looking forward to your advice!
I've been doing a fair bit of searching, and came across this forum. Looks like a great place to get questions answered.
So the wife and I (first time property buyers) put in an offer on a nice townhouse in Yeronga, but it is apparently within a flood prone area. We did not know about flood maps right until after we put in the offer!
Apparently it will only be affected by a once in a hundred year flood, in which case it will receive 0.2m of flood water.
According to the property reports, units to the rear will not be affected, but from all external appearances, the units all seem to be on level ground. I am not sure if the flood map has been updated to reflect that the builder may have levelled the ground to the highest point during construction.
My worry is that the house might either get flooded at some stage, or will not perform well value wise as a result of this or might be difficult to sell in future. Would any of you go through with such a purchase?
Looking forward to your advice!