Buying an established home in Riverstone NSW
Riverstone is not only its growth estates. The suburb has a station on the Richmond branch line, a meatworks history running from 1878 to 1992, and streets of housing that predate every estate named on this site. Around seventy houses change hands in a quarter at a median near $1.15 million, and the properties at either end of that range are very different buildings. On an older home the questions are movement, drainage, roof plumbing and whether past work was done under permit. On a near new one they are whether the original defect list was ever closed out.
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NSW Fair Trading -
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About seventy houses sell in a typical quarter.
The median sits near $1.15 million with values up around seven per cent over twelve months.
Stock ranges from pre-war cottages to homes handed over last year.
A pre-purchase inspection is visual and reports significant items, not a defect list.
On a near new home, ask the vendor for the original handover report.
More about Riverstone
- Building a new home in Riverstone NSW
- Growth and development in Riverstone NSW
- Certifiers, council and disputes in Riverstone NSW
- Ground, water and flooding in Riverstone NSW
- Weep holes, flashings and the brick cavity in Riverstone NSW
- What our inspectors find in Riverstone NSW
- Handover and the statutory warranty clock in Riverstone NSW
Written by our local inspection team from work carried out in Riverstone. Licensed building practitioners.
