Details of a buyback scheme for people with houses in critical flood zones on the New South Wales North Coast are set to be released within a fortnight.The Northern Rivers' reconstruction chief urges people to "avoid trauma" when deciding to stay or goNorthern Rivers Reconstruction Corporation head David Witherdin said people should know what their options were."There's a pressing need there for a program around voluntary purchase for those high-risk properties.
"The intent is … to try and return people to the position they were in before that event happened, not in that deteriorated state post-flood," he said.
Well I hope it's only bought back for the original purchase price. That's a fair scenario as most people don't own the property outright and some would have remortgaged for cars, holidays, weddings etc this shouldn't be picked up by others in taxes and rates.
And meanwhile in Qld flood affected areas waiting for buyback news the silence is deafening AnnastaciaMP StevenJMiles
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Source: 9NewsSyd - 🏆 23. / 51 Read more »