Home buyers have been warned that termites can be just as fatal as rising interest rates, with termites biting much quicker and more severely.
The warning comes after finding a home, recently purchased without an inspection for over $500,000 in Wandin Victoria, having close to an estimated $100,000 worth of termite damage.
The increasing risk of termite attacks in Australia can leave home buyers financially and emotionally devastated.
Termite attack risk can be increased with the clearing of land in urban areas for major infrastructure projects such as road works and freeways.
Poorly maintained properties which have water leaks and cluttered subfloors can also attract termites that can cause tens of thousands of dollars worth of damage to a home without the home owner even knowing until it is too late.
There are an estimated 130,000 termite attacks in Australia per annum with a repair bill of $910 million.
Higher density planning strategies mean more disturbances of termite nests, forcing the termites to seek out alternative food sources and creating a greater difficulty in protecting properties from attack.
So, if you would like to ease the worry associated with termite attacks Book a pre-purchase inspection today.
