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Buyback offers to reach 1,100 northern NSW homeowners, 500 fewer than hoped by agency boss

NRRC chief executive, David Witherdin, says 300 offers already made to flood-affected homeowners

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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 would miss out due to a lack of funds.

About 300 owners have already been offered buybacks at pre-flood values and 130 have accepted. The NRRC’s chief executive, David Witherdin, said another 800 will receive offers over the next fortnight.

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