Governments spearhead buyback scheme for flood-prone home owners

A new program produced by the Perrottet and Albanese governments will offer 2,000 flood-risk home owners the opportunity to repair, retrofit, or have their homes bought back.

Governments spearhead buyback scheme for flood-prone home owners

Dually announced by the Prime Minister and Premier in Lismore on Friday, 28 October, the Northern Rivers Resilience Homes Fund package, a jointly funded Commonwealth and state government program valued at $800 million, will support residential home owners impacted by the devastating flooding in February and March of this year.

That flooding event stands as the equal costliest extreme weather event in Australian history. 

The seven eligible local government areas covered by the new scheme are Ballina, Byron, Clarence Valley, Kyogle, Lismore, Richmond Valley, and Tweed.

Read more at Smart Property Investment

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