What is mine subsidence?
Underground coal mining creates mine voids that can collapse and cause the earth’s surface to subside.
Mine voids can also collect water that can burst onto the earth’s surface and cause subsidence.
The result can be devastating for properties built over mine subsidence areas if a collapse happens.
What areas are most affected?
The most commonly affected areas in NSW are Newcastle and Wollongong.
To Know whether a property is affected by Mine subsidence you need to check the Council Section 149 (2) Certificate when it comes to zoning, not only does this Certificate talk about what can or cannot be built in the area (residential, commercial or industrial building) it also answers the question?
Is the property in an area proclaimed as a Mine Subsidence area and or affected by Mine subsidence.
A map showing all MSB districts is available through the mapping division of the Mine Subsidence Board but you can find a outline of districts on their website along with other important information.
What is the function of the MS Board
“The Mine Subsidence Board provides information, compensation or repair services to owners of improvements damaged by mine subsidence resulting from the extraction of coal. We operate solely for the local community in areas of coal mining in NSW.”
The Mine Subsidence Board’s core responsibility is to repair and pay for damage caused by mine subsidence.
Our staff have the expertise and experience to identify hazards and assess the risks for new developments, as well as formulate solutions.
Various parts of NSW are declared Mine Subsidence Districts.
When building or renovating in a Mine Subsidence District guidelines apply and you will need the Mine Subsidence Board’s approval to build or subdivide.
If damage does occur from subsidence due to coal mining, the support and resources of the Mine Subsidence Board are there to assist you.
Please contact any of the MSB district offices should you have an enquiry.
More information: www.minesub.nsw.gov.au
Can I get a loan on a property in a mine subsidence area?
Each situation is different but if you meet the eligibility criteria for securing a home loan your needs will be assessed by the lender according to the local conditions.
How can I get my home loan approved?.
- You will need to provide a Mine Subsidence Board (MSB) certificate prior to loan approval.
- The bank valuer must recommend the property as suitable security for a mortgage.
- All loans are assessed on a case-by-case basis.
However, in many cases, the valuer for one lender will make comments in their report that results in your loan being declined.