There are many laws and regulations that control the way properties are used and developed. This unit will examine the statutory controls and codes and standards that apply to domestic buildings.
The laws, regulations and standards that govern domestic buildings come from a range of various sources. We will consider state and local governments, the Building Code of Australia, and the Australian Standards.
From a valuer’s perspective, these controls effect the conditions under which development can take place and the uses of a building. This consequently impacts the value of that property.
The building and construction industry is controlled by a wide range of regulations across all levels of government. These regulations aim to set building standards that promote health and safety within the building industry and wider community.
All buildings, whether existing or new or about to be built, are regulated by the following:
Federal, State and Local government requirements
Building Code of Australia
Australian Standards
Building contracts
It is important for valuers to understand how different buildings are constructed, how to spot building faults and defects, and how to check whether the relevant codes, regulations, and standards are being complied with.