After an affected property is purchased by the ACT Government under the buyback program, the house is demolished, the block is remediated and then deregistered.
The sale of remediated blocks allows the ACT Government to recover some of the costs of purchasing, maintaining, demolishing and remediating blocks, and safely disposing of affected homes.
Rebuilding houses on these blocks gives each community, neighbourhood, street and homeowner a new beginning, free from loose fill asbestos insulation.
Remediated blocks will be offered for sale, in the following order:
- to the former owner who reserved their First Right of Refusal
- to government agencies
- to the general public through a competitive process
The sale price for a remediated block is determined by the Suburban Land Agency (SLA) based on independent market valuations through independent property valuers.
Public sale of remediated blocks
Remediated blocks will be auctioned through nominated sales agents with undisclosed reserve prices. To keep up to date on upcoming sales events, visit the SLA website or subscribe to the Suburban Land Agency mailing list.
Find out more in the Public sale of remediated blocks and rebuilding Frequently Asked Questions (411.1 KB) or contact the Taskforce's sales team on 02 6205 8941 or email SuburbanResidentialSales@act.gov.au.
Rebuilding on a remediated block
In some cases, the land may be subject to special planning considerations.
Homeowners of affected properties are able to privately sell their block on the open market. However, there are some things you must know when selling your block privately, depending on whether you are selling it with the affected property still standing or whether it has been privately demolished.
The Real Estate Institute of the ACT (REIACT) has an asbestos advisory group that provides free advice about the process of selling a property privately, purchasing a new one or securing rental accommodation.
Find out more about:
Contact us for more information.