About 1,100 homeowners in flood-prone northern New South Wales will be offered buybacks this month but the Northern Rivers Reconstruction Corporation says a further 500 properties will miss out due to a lack of funds.
About 300 owners have been offered buybacks at pre-flood values and 130 have accepted. The NRRC’s chief executive, David Witherdin, said a further 800 would receive offers over the next fortnight.
