Slow buyback scheme pushes flood-affected residents to sell homes on the open market

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Tonight on abc730: A buyback scheme that was supposed to move NSW Northern Rivers residents out of extreme flood danger has barely begun a year after the floods, with the first offers made only in the past few days. adharves

A year after the floods in the NSW Northern Rivers, a buyback scheme has barely begun.abc.net.au/news/slow-buyback-lismore-floods-residents-selling-730/102010202A year on from the floods that inundated the NSW Northern Rivers, the authority in charge of buying back the area's most vulnerable homes has made fewer than 10 formal purchase offers.

Mr Gruzas is a tradesman and able to repair the flood-damaged home now — and in the future should it go under again. The $700 million scheme is funded by the NSW and federal governments, and the NRRC estimates that about 2,000 of the area's more than 6,200 damaged homes will be bought back. She spent $80,000 and five months repairing her home with flood-resistant materials, such as commercial-grade steel drawers and stone benchtops.Then, last week, she was told she would be eligible for a buyback.

 

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adharves A f*****g disgrace.

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