The Resilient Homes Fund, operated jointly by the Queensland and Australian Governments, has finalised settlement with the owners of more than 100 flood-impacted homes in the State.
The program allows home-owners who were affected by the floods to sell their home for pre-flood value and move to safer ground.
A recent report had 407 offers presented to homeowners, 260 offers accepted and 103 finalised.
The program, part of the Commonwealth-State Disaster Recovery Funding Arrangements (DRFA), was established in May 2022 following the 2021-22 rainfall and flooding.
The South-East Queensland floods damaged almost 7,000 homes in what was one of the State’s most devastating disasters.
The Department of Energy and Public Works is managing the retrofitting and house-raising components of the Resilient Homes Fund, while the Queensland Reconstruction Authority is managing the Voluntary Home Buy-Back program together with Local Governments.
Minister responsible for the Queensland Reconstruction Authority, Steven Miles said the 103 sale contracts were welcome news for the homeowners and families who were affected by the devastating floods of 2022.
“We will continue to prioritise those most severely impacted by the flooding of 2021-22, as well as vulnerable applicants who are at greatest risk of future flooding,” Dr Miles said.
“All homes purchased under the program are demolished and the land re-zoned to an appropriate, non-occupied use, such as green space.”
He said heavy machinery and specialist crews had now begun demolishing homes in Goodna, with demolition now complete on six properties.
