Asbestos Affecting Your house Property Portfolio

Is Asbestos Affecting Your Property Portfolio?

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Asbestos is a material that was commonly mined, exported and used in construction within Australia up until its ban in the mid-1980’s and full ban in 2003, this ban was implemented because of the adverse health effects it had on the general public and workers who mined, built with and utilized the material. There is still plenty of asbestos left in Australia, so it’s important to know where it is today, the risks we face and how to deal with it with the most advanced and safe techniques. Today‚Äôs question is, does asbestos affect your property portfolio?

  1. Know If Asbestos Is Present

The best way to find out if you have asbestos on your property is to get it professionally tested. Accredited asbestos professionals can come to you for this, and they will take samples safely and carefully of any suspected asbestos and bring them to a NATA accredited laboratory for proper testing. This testing is often complete in under 24 hours however multiple samples may take longer to fully complete. When testing is complete, your asbestos professional will contact you and inform you if they have found any asbestos, talk you through any risks you may currently face and then discuss your options for dealing with the asbestos safely and quickly.

  1. Dangers of Asbestos

When asbestos or asbestos-containing products are broken or damaged they release asbestos fibres into the air which when inhaled by human cause lacerations and abrasions in the lungs, this can lead to a variety of respiratory issues and different diseases which may only present decades after the first inhalation. Some of these diseases include:

Asbestos Affecting Your house Property Portfolio

  • Lung Cancer
  • Asbestosis or fibrotic lung disease
  • Mesothelioma
  • Laryngeal Cancer
  • Ovarian Cancer
  • Testes Cancer
  • Pleural plaques
  • Pleural thickening
  1. Affecting Your Portfolio

People are becoming more and more aware of the dangers of asbestos so if your home contains asbestos people will be warier of renting or buying it because of the health risks, they often will also offer a lower price because of the asbestos. It’s also important to remember that a majority of homes in Australia contain asbestos so if you can certify that the house your selling is asbestos free then people will not only take notice but be more willing to pay more for the safety of an asbestos-free home.

  1. Removal or Other
  • Leaving the Asbestos- Believe it or not, some asbestos can be left. If the asbestos is in a good enough state and intact, then it poses no risk or harm to you as asbestos is only dangerous when the fibres are airborne and can be inhaled; however, it is recommended to check on the asbestos regularly and be extra careful around it to ensure no breakages or damage.
  • Enclosure- Enclosing the asbestos involves an authorized professional enclosing the asbestos in a sealed container to ensure no fibres are released into the air to be inhaled. This is not a long-term option for people generally as the structure can get in the way of your space and needs. This is a good option if the asbestos is dangerous and you need to be on the property doing other things if you want to think over your options or have to acquire the money for another option.
  • Encapsulation- Encapsulating asbestos involves a professional using a sealant to seal the asbestos both on the surface and within the asbestos to ensure that if the asbestos is broken that the fibres will remain bonded and not become airborne. This is often a popular option for roofs as its often cheaper than a full removal and replacement and as a bonus can give the appearance of a fresh coat of paint. This method can also be used for asbestos that would be too hazardous to remove.
  • Removal- Finally the most preferred option and well known of course would be an asbestos removal. This can be a popular option as it removes all risk from asbestos. However, this option can be a little bit costly. The cost depends on the size of the work and the area. If you live in Brisbane, Australia, you can search and compared many asbestos removal contractors by browsing online but you only will find best one to solving your problem.
  1. Professionals for Profit

Looking through all these points you may be asking yourself, well can I remove it myself? This is not recommended at all, remember asbestos carries many risks and this way accredited asbestos professionals should only handle it, these professionals can test, remove, transport and dispose of the asbestos both legally and safely without you having to either worry or lift a finger!

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