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Valuations to begin for Ipswich homeowners interested in buy-back scheme

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Ipswich homeowners wanting to sell their properties and take part in the government’s post-flood buy-back scheme are being contacted now with valuations to begin soon.

Seventy per cent of those interested in the buy-back scheme live in Ipswich and Brisbane.

A record $2.1 billion in joint Australian and Queensland government recovery funding has been allocated including the $741 million Resilient Homes Fund, the $150 million betterment fund and a $28 million flood risk management package.

More than 4,000 people have registered interest in the Resilient Homes Fund, including: 443 in voluntary buy-back, 1,278 in house raising, 1,526 in resilient rebuild.

The State Government says its initial priority location is Goodna East because of the extent of the disaster impact and flood risk – with 31 homeowners contacting the Queensland Reconstruction Authority.

Valuations will start in mid-August across Ipswich based on pre-flood condition.

A comprehensive report into February’s south-east Queensland floods shows the social and financial costs of the south-east Queensland floods stands at $7.7 billion dollars.

The region was devastated in February, when 800 millimetres of rain fell in less than a week.

Premier Annastacia Palaszczuk says by any measure, this was one of the most devastating natural disasters in Queensland history.

“It requires an equally historic effort to repair what was lost and do everything we can to ensure people are protected from suffering the same losses again," she says.

“These floods cost 13 lives. More than 9,000 homes were damaged.”

South-east Queensland Floods costs:

  • 21,500 calls for help to the SES
  • More than 98,000 insurance claims led to $1.3 billion being spent on damaged property and assets
  • More than 1,600 sport and recreation facilities were hit by the event
  • More than 2,300 social housing properties were in some way damaged from the flood
  • Community recovery hubs had contact with more than 17,300 people
  • More than 600 educational facilities were affected with six schools unable to reopen for some time

Image: AAP/Darren England