Flood risk disclosure proposal in south-east Queensland

Flood risk disclosure proposal in south-east Queensland

One south-east mayor describing the move as common sense Moreton Bay Regional Council Mayor Peter Flannery said his council would take the proposal to the Local Government Association of Queensland conference in October.

Mr Flannery said that this is common sense and property buyers are entitled to know prior to buying.

It might be as simple as mandatory disclosures of flood and other natural hazard risks during the property conveyancing process or other due diligence searches.

I believe that this is an important change for the state government and I'm confident that it will get the support of Queensland's other councils. More than 4,250 residents have registered their interest in having their homes raised, rebuilt or voluntarily bought back under the state's $741 million Resilient Homes Fund, announced after the February floods.

Of the 443 home owners who have registered for a voluntary buy-back, 70 per cent live in Brisbane and Ipswich.

Without a pest inspection, you wouldn't buy a home, but flooding risks can be so destructive and costly than termites, Mr Schrinner said.

Deputy Premier and State Development Minister Steven Miles says that Queensland needs to do better to account for the impacts of climate change.

He said that in the short term, we're looking at ways to make it easier and quicker for local governments to change their planning schemes to respond to the effects of flooding.

Queensland is calling for submissions on a proposed statutory seller disclosure program.

It has no formal system, with sellers having to meet a mix of common law, statutory and contractual obligations.

Local Government Association of Queensland chief executive Alison Smith said mandated flood risk disclosure would put Queensland on a par with NSW and Victoria.

The state is currently calling for submissions on its proposed statutory seller disclosure requirements, and the LGAQ and its member councils will be submitting that the current draft does not go far enough, and should include floods and other natural hazard information, she said.

The Real Estate Institute of Queensland chief executive Antonia Mercorella said disclosure was simple, but it could become complicated when it comes to determining what a property's level of flood risk is.

She said that floods happen for a number of reasons, so we need to be careful about what actually constitutes a flood, what are the causes of a flood.

Flood mapping is becoming more sophisticated. It's becoming more reliable, but ultimately Mother Nature keeps surprising us.

Just because a property has flooded in the past doesn't necessarily mean it will flood again in the future.