Before you buy a home or vacant residential land, you should be aware of a range of issues that may affect that property and impose restrictions or obligations on you, if you do buy it.
It's important to understand the sales/buying process of real estate and be well informed about the market before you buy a property.
Always obtain the advice from a legal professional when dealing with property transactions. Further information can be found regarding your nearest registered solicitor by consulting the Law Society of NSW
NSW Department of Fair Trading has put together useful Information on buying and selling different types of property.