Why is the sales price not the average of the valuations as it was when the Government purchased my home?

The Territory purchased affected properties at full market value, ignoring the presence of loose fill asbestos contamination and minor presentation or maintenance issues. The offer for sale of a remediated block is a second and separate market transaction.

The approach to the sales phase is in line with the stated intention to sell each block at market value, reflecting its best and highest use in order to defray the cost of the Buyback and Demolition Program, repay the Commonwealth loan and minimise the residual cost of the Scheme to the Territory.

The ACT Government is committed to improving the accessibility of web content. To provide feedback or request an accessible version of a document please contact us or phone 13 22 81.