Mr Fluffy buy-back scheme a good result for Queanbeyan

29 June 2015

Queanbeyan Mayor, Cr Tim Overall has welcomed the NSW Government's announcement of a voluntary buy back and demolition scheme for properties containing the dangerous Mr Fluffy loose-fill asbestos.

The NSW Government this morning announced a $250 million voluntary buy back scheme for NSW properties affected by Mr Fluffy insulation.

"This is a very pleasing outcome for not only Queanbeyan residents, but all of those across NSW who have been affected by the Mr Fluffy insulation," Cr Overall said. "The outcome has been a long time in the making, but I am very happy that we have arrived at a very fair outcome for the property owners.

"Queanbeyan, along with the ACT, are the most affected areas by Mr Fluffy and this announcement will ease the uncertainty of property owners."

Nineteen properties in the Queanbeyan local government area, including a block of units, have been identified as having loose-fill asbestos. NSW WorkCover has extended until August 2016 a free testing service for any house that was built before 1980 that is suspected of having Mr Fluffy loose-fill asbestos. "I urge all owners of homes that fall into this category to take advantage of this window of opportunity and potentially the voluntary buy back and demolition scheme."

The scheme will allow property owners two options:

  • Option 1: The NSW Government will purchase the house and land at market value, demolish the house and remediate the land. The original land owner can then purchase the land back at market value or the property can be sold.
  • Option 2: The NSW Government will purchase the house only at market value, demolish the house and remediate the land and the owner will be able to build on the same block.