Several flood maps published by Brisbane City Council could provide useful guidance for home loan seekers planning a property purchase in the Queensland city.
The maps identify the 2011 flood water level for more than 60,000 Brisbane properties and the city’s lord mayor commented that they will provide residents plenty of potentially useful information about areas where they want to buy, rent, build or renovate property – as well as the homes they currently live in.
However, lord mayor Graham Quirk encouraged residents to consult a surveyor before undertaking any specific work, as professionals are best placed to test the land’s natural levels.
The publication of the reports this week is part of several local government measures taken in response by local government after January’s devastating floods.
“The reports will give residents information around habitable floor areas, so if people are looking to undertake work on their properties or if they want to raise their properties, these flood reports will give them the information they require,” Mr Quirk commented to the ABC.
According to the chairman of the Real Estate Institute of Queensland, recent home loan take-up figures in the state are encouraging.
Pamela Bennett commented that compared with January figures, February saw a rise in property market activity.