Whether you’re stepping into the property market for the first time or adding to your investment portfolio, buying a fibro home can be both an appealing and cautious prospect. These homes, often seen across older suburbs in Australia and New Zealand, carry a unique mix of charm, affordability, and renovation potential – but also a few important risks to weigh up.
Here’s a breakdown of the key things to consider before you make a move.
What exactly is a fibro home?
“Fibro” is short for fibre cement sheeting, a building material commonly used in mid-20th-century homes across Australasia. Older fibro homes (built before the 1980s) often contain asbestos, which was mixed with cement to strengthen the sheets. While modern versions use safer materials like cellulose or fibreglass, it’s important to know whether asbestos is present – especially if you’re considering renovations.
Why buyers still consider fibro homes
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They’re often more affordable
Compared to brick or weatherboard homes, fibro properties usually come with a lower price tag, great for buyers on a budget or looking to add value over time. -
Plenty of character
Many fibro homes reflect the classic Aussie streetscape and mid-century aesthetic, giving them that “retro charm” appeal. -
Strong potential for renovation
With the right team and safety measures in place, fibro homes can be renovated and transformed, often significantly boosting their market value. -
Decent thermal properties
Modern fibre cement products offer solid insulation benefits, which can help keep energy costs in check.
What to watch out for
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Asbestos risks
Homes built before the 1980s may contain asbestos, especially in walls, ceilings, and eaves. It isn’t usually dangerous unless disturbed, but if you’re planning works, you’ll need a licensed professional to handle removal. -
Ongoing maintenance
Fibro materials aren’t as tough as brick or stone. Weather exposure and age can take their toll, so regular upkeep is a must. -
Insurance limitations
Some insurers may be hesitant to cover older fibro homes, particularly if asbestos hasn’t been professionally managed or removed. -
Lower demand in some markets
Depending on the suburb and buyer pool, fibro homes can take longer to sell, especially if buyers are concerned about renovation or demolition costs.
Tips for buyers considering a fibro property
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Get an asbestos inspection
Always engage a licensed professional to inspect for asbestos, particularly if you’re planning to renovate or extend. -
Book a full building and pest report
A qualified inspector will assess the overall condition of the home, spotting any structural issues, rot, or pest damage. -
Factor in renovation and compliance costs
From asbestos removal to modernising interiors, make sure your budget allows for extra costs to bring the home up to today’s standards. -
Think long term
Look at the broader neighbourhood – is it growing, gentrifying, or in demand? A fibro home in a high-growth area could offer strong returns down the track.
Thinking about buying a fibro home but not sure where to start?
As your local real estate agent, I can help you navigate the ins and outs – from identifying potential risks like asbestos to spotting renovation opportunities that add real value. Whether you’re a first-time buyer or a seasoned investor, I’ll make sure you have the right information to make a confident, well-informed decision. Get in touch today and let’s talk about what’s possible.