Understanding Common Land Terms: A Guide for Homebuyers

Colin Bischof and Darren Brennan, hosts of "The Home Building Hub" podcast, discussed common terms encountered in the process of building a new home. Episode 13, they delved into essential land-related terminology to equip homebuyers with the knowledge they need to navigate the complexities of property acquisition.

With a focus on land-related terminology, the hosts begin by explaining the concept of a land deposit—the initial payment made to secure a piece of land. They stress the significance of having a conveyancer review the land contract to ensure clarity and protection for the buyer.

Throughout the episode, the hosts cover a range of terms including plan of subdivision, engineering plans, easements, and building envelopes. They provide practical insights into each concept, emphasising their relevance to the home building process.

One key area of discussion is Bushfire Zones, where Colin and Darren explain the implications of being situated in such zones and the additional requirements they entail for home construction. They also touch on the importance of complying with ResCode and the Small Lot Housing Code, depending on the size and location of the property.

As the episode draws to a close, the hosts offer tips for homebuyers, including the importance of boundary or survey pegs in determining property boundaries and the potential need for a re-establishment survey if pegs are missing or misplaced.