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Buying QLD property with "For depth restriction refer to plan SP 17xxxx"

Discussion in 'General Property Chat' started by Jungle, 30th Sep, 2016.

  1. Jungle

    Jungle Active Member

    Joined:
    22nd Feb, 2016
    Posts:
    36
    Location:
    NSW
    Hi friends and experts
    Im looking at buying an investment property around Ipswich city council area in QLD, under the Current Title Search it has the below statement.
    "For depth restriction refer to plan SP 17xxxx"
    I have never come across such an statement before. Im not so sure about the above statement. Some say its normal for that area. Some say its a new thing since the "Ipswich sinkhole" news.
    I was wondering if any can assist what it refers to, if this has negative impact on capital growth of the proeprty and if I should stay away from this property.
     
  2. jrc

    jrc Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    76
    Location:
    Regional NSW
  3. Jungle

    Jungle Active Member

    Joined:
    22nd Feb, 2016
    Posts:
    36
    Location:
    NSW
    Thanks JRC for the info. I read it couple of times but Im still finding it hard to understand what are the impacts of it on an investment property and its Capital Growth. Is this a concern?