$280m for homes containing asbestos in Australia

Mr. Fluffy - this name doesn’t seem at all scary but in Australia it’s a name that strikes fear. In the 60’s and 70’s a company known as Mr Fluffy filled attic spaces with unbounded asbestos fibres known as amosite, used for insulation purposes but very dangerous because the fibres can so easily spread around the house.

Between the late 80’ and early 90’s huge efforts and funds were put into removing the asbestos from these homes but in 2013 it was found that these efforts were not robust enough and traces of the fibres were found to be still very present in these homes.

In response to the situation the New South Wales government plans set aside $280m for a voluntary buyback scheme.

“This package will provide safety, certainty and support for our citizens and an enduring solution”, the NSW finance minister, Dominic Perrottet, said.

Homeowners will mainly have two options: either demolish and rebuild or sell the land. Also, the NSW government announced that they will be giving a $10,000 relocation fee per affected household and $850 for counselling services.