Twenty-four bidders attended a flood buyback house auction on Wednesday, as part of the NSW government’s Resilient Homes Program
NSW Minister for Recovery, Janelle Saffin (Labor) said in a statement: ‘More than 20 bidders packed out the auction of 10 flood-affected homes at the Lismore Heights Sports Club overnight, (Wednesday 17 September), with sale prices ranging from $6,000 to $60,000’.
‘Eighty-three properties have now been offered for sale in the Northern Rivers, capturing nationwide attention.
‘Wal Murray & Co conducted the auction of flood buyback homes from central Lismore, South Lismore, North Lismore and Girards Hill.
‘A number of young families bought houses, builders and investors from outside the region participated in the auction, which an audience of more 50 people. Honey processers Jackie and Luke Edwards were so excited about the opportunity that they decided to buy a second flood buyback house for their farm.
‘All homes earmarked for relocation have been purchased by the NSW Reconstruction Authority through the buyback stream of the $880 million Resilient Homes Program, jointly funded by the NSW and Commonwealth Governments.
‘The Resilient Homes Program is the largest adaptation program of its kind in the country.
‘So far, more than 1,300 flood impacted homeowners have engaged with the buyback program, and more than 926 offers have been made.
M’s Saffin added, ‘There is no reserve price on these houses, meaning bidding can start and end at $1, making it one of the most accessible housing opportunities in Australia’.
For four decades The Echo has printed the stories some people loved, some people hated, and some pretended not to read. If you want us to keep telling the truth, the real truth, not the sugar-coated version. We’ll need your support to keep the presses rolling. 
