One of Australia’s most unusual housing initiatives is returning to the Northern Rivers, with flood-affected homes set to go under the hammer for as little as $1.
Ten homes in Lismore will be auctioned later this month as part of the NSW Reconstruction Authority’s Resilient Homes Program, giving buyers the chance to relocate the properties to higher, flood-free ground.
The initiative, which combines heritage preservation with disaster recovery, has already seen 160 properties offered for relocation, with sale prices ranging from $1 to $200,000.
The latest auction will be held at the Lismore Workers Sports Club in Goonellabah from 5.30pm on Wednesday, 22 April, with no reserve price set on any of the homes.
The properties — many of them traditional timber houses — are being sold on the condition they are relocated within 11 months, removing them from high-risk flood zones while preserving their character.
NSW Minister for Recovery Janelle Saffin said the program was about more than just housing.
“We are ensuring our iconic timber homes can continue to support the hopes and dreams of a new generation,” she said.
“This isn’t just about moving houses; it’s about leading the way in creating safer, more vibrant neighbourhoods while taking pride in our local architectural history.”
The auction will be managed by PRD Northern Rivers Real Estate and is aimed at local buyers, renovators and those willing to undertake the relocation process.
To support purchasers, the Reconstruction Authority has introduced a concierge service to guide buyers through the logistics of moving and re-establishing the homes.
Executive Director of the Northern Rivers Adaptation Division Kristie Clarke said the program was helping reduce long-term risk.
“We have now offered 160 flood-affected homes for relocation through the Resilient Homes Program, and each auction represents real progress in reducing future flood risk for these communities,” she said.
“By relocating homes to higher ground, we are supporting safer neighbourhoods while giving these properties a second life.”
The Resilient Homes Program is jointly funded by the Australian and NSW governments and is considered one of the largest climate adaptation initiatives in the country.
The latest round of auctions is expected to attract strong interest, offering a rare opportunity to secure a home at a low entry price — provided buyers are prepared to take on the cost and complexity of relocation.
Relocation homes can be viewed here
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