QLD Properties With Landslide Hazard & Steep Slope Overlays

A post by @Michael_X in another thread brought up checking Landslide Hazard and Steep Slopes Area Overlays for properties in hilly aeras. After checking out some of the properties on my 'contenders list', I've found four of them come under these overlays - a couple high hazard and a couple medium. I had been looking at these properties in the positive light of having great views & hadn't even been thinking of the possibility that they could go sliding down a hill killing all onboard

I would be interested in other peoples opinions on this. Does landslide hazard outweigh fantastic views or vice versa? Also, would this be likely to jack up insurance premiums to insane levels?

 

What are the chances that your chance of re-sale is affected my a slope to your land that gets you a nice view?

 

To be honest, I don't know. All four properties that I like that have these overlays have been on the market for at least as long as I've been looking (about 6 weeks) without sale. I don't know if this is a major factor for none of them having sold or whether it's due to other reasons.

 

My other consideration with sloping blocks is drainage. Having issues with a property now, after the last Brisbane storm still dealing with insurance and getting the repairs sorted - going to be a $10,000+ repair bill - not fun.

So be extra careful with sloping blocks. If you want a set and forget IP, can't go wrong with flat blocks.

Cheers,
Michael

 

No Way. Sorry to hear that Michael

 

It is something to seriously consider. It may be right at the moment but in 5,10,15 30 years what's going to happen....possibly nothing but you never know.
The in laws have a house with a 6m high retaining wall on the side boundary. Built andBought 30 years ago, it's life is up. it is riddled with cracks and needs urgent attention. Looking at 100-200k to repair! slight liability, and it's gone passed the point of selling and doing a runner!
Buyer beware!

 

That's one massive repair bill! Think you just helped me drastically slash my list of properties for consideration.

 

Found a property in Edens Landing with a landslide overlay ("OM - 08.01 - Landslide >= 15% slope" of over 50%, what are peoples thoughts on this 9 years later? A no-go or just something to be mindful of? Insurance seems to be reasonable

 

Any input please?

 

Based on personal observation of a few spots on the overlay map in my suburb in Brisbane during the extreme soaking in 2022, I would avoid a property with landslip overlay.

One house had a massive slip is still a mess two years on and lost half its yard and it is alarmingly close to the back of the house. It will probably cost a fortune to fix (I'm guessing we are talking in multiples of 6 figures). More wet weather and the house could go too. You couldn't sell it right now. I wouldn't want to live there.

There were other areas not private property, but slipped and closed one of the roads for months.

So I feel like they are fairly accurate. Not all flagged areas actually had a slip during this extreme event, but enough to make it clear how high the risk is in the right conditions. And if the risk turns into reality, to me the effects may be catastrophic.