Queensland marks milestone in buyback scheme
Demolition has begun on the first community title scheme purchased under voluntary property buybacks offered by the Queensland and federal governments’ Resilient Homes Fund.
The unit complex in Goodna was cleared after all 20 homeowners accepted offers under the buyback scheme last October.
The complex was hit by flooding in February 2022 and faced a high risk of future inundation.
The properties were bought by Ipswich City Council using funds from the program, and the land will be rezoned for non-occupied use.
Queensland Disaster Recovery Minister Nikki Boyd hailed the milestone and provided updates on flood mitigation efforts under the $741 million Resilient Homes Fund.
“I am delighted that the unit owners here in Mill Street, Goodna, have been able to move on, free from the risk of future flooding,” she said.
“To date, 628 homes have settled under the program out of the 683 offers that have been accepted by homeowners; 394 of these properties have already been demolished or relocated across eight local government areas, ensuring hundreds of families are out of harm’s way.
“Work is also continuing with homeowners registered for Resilient Retrofit or Home Raise under the Resilient Homes Fund.”