During the 1960s and 1970s, Canberra-based company Mr Fluffy installed pure loose-fill asbestos in homes in NSW and the ACT. Breathing in the fibres may increase the risk of asbestos-related disease.
Ninety-one properties have so far tested positive to loose-fill asbestos across 28 Local Government Areas.
The Australian Property Institute will engage two independent companies to undertake the valuation process for each affected property. Each property will be valued as if it was free of loose-fill asbestos as at 29 June 2015.
Fair Trading’s LFAI taskforce will remain in place until all properties registered before 1 August have been demolished and soil remediated.