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Australia to spend $500 million to move or flood-proof homes in inundated areas

FILE PHOTO: A local resident cleans up amidst piles of debris following severe flooding and damage to homes in the Maribyrnong suburb of Melbourne, Australia, October 17, 2022. REUTERS/Loren Elliott

Australia will spend A$800 million ($516 million) to repair, retrofit and buy back homes in the flood-prone northwest of the country's largest state as the region recovers from its third inundation this year.

Clean-up efforts are underway across Australia's southeast as swollen rivers recede after the country's third bout of flooding this year. The wettest year on record for many regions is set to continue into summer after forecasters declared a rare third consecutive La Nina event, associated with wet weather.

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