If so, it may be affected by loose-fill asbestos which could mean you are unable to sell or rent your home or investment property in the future.
Loose-fill asbestos was commonly used in the 1960’s and 70’s as a form of insulation.
Asbestos is a hazardous material and the NSW government is considering options to protect the community from unknowingly buying houses that contain this loose-fill insulation. Options being considered include:
- when selling a property, you would be obliged to confirm in the contract of sale if the property contains or is free of loose-fill asbestos; and
- a prescribed warning notice would be included in all contracts of sale to alert potential buyers of the risk of loose-fill asbestos in pre-1980s homes.
You can get help
NSW Fair Trading will provide financial assistance and support to affected homeowners but you must apply before 1 August 2016.
The first step is to register for a free sample test. To learn more go to What do I do about Loose Fill Asbestos
Act Fast you only have till the 1st August 2016