Fluffy landbank hits 100

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ANDREW Barr has sent forth word that the ACT Government’s Buyback Program for houses affected by loose fill asbestos has passed the milestone of 100 homes owned by the ACT Government.

The government now owns 104 homes. More than 65 percent (or 681) homeowners have received an offer to purchase from the ACT Government and 470 of these homeowners have already accepted the offer.

The geographic spread of properties owned by the ACT Government includes:

  • 15 = Central Canberra (Forrest, Ainslie, Downer, Griffith, Hackett, Narrabundah, O’Connor, Watson, Yarralumla)
  • 19 = Tuggeranong (Kambah, Wanniassa)
  • 32 = Belconnen (Aranda, Charnwood, Cook, Evatt, Flynn, Giralang, Higgins, Holt, Latham, Macgregor, Macquarie, Melba, Page, Scullin, Spence, Weetangera)
  • 38 = Woden/Weston Creek (Chapman, Chifley, Curtin, Duffy, Farrer, Fisher, Garran, Holder, Hughes, Lyons, Mawson, Pearce, Rivett, Stirling, Torrens, Waramanga, Weston)

“To date 869 of 1021 (or 85 percent) of homeowners have ‘opted in’ to the scheme to get valuations of their properties undertaken,” Andrew said.

“Any homeowner interested in participating in the buyback scheme needs to ‘opt in’ by 30 June 2015.

“As I have said previously, I remain confident that the current program is the fairest, most responsible and affordable response available to the ACT. It provides an option for homeowners to move on from a contaminated house, at full market value, and buy a comparable home. It will not fundamentally change.

“We know this is a challenging time for homeowners affected by this issue, and through the Taskforce and the Buyback Program, we are seeking to make the transition out of these contaminated houses as smooth as we can.

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