$1 Auctions Return To Northern Rivers

NSW Gov

The NSW Government is bringing back one of Australia's most unique house sale programs with the return of the flood buyback auctions for 2026.

To date, 130 flood-affected properties, bought by the NSW Government through the Resilient Homes Program, have been offered for sale to be relocated to flood-free land by the new owner.

Most buyers have been locals, with house sale prices ranging from $1 to $200,000 attracting attention nationwide.

The next releases include 10 buyback homes from South and East Lismore and central Lismore going to auction at the Lismore Workers Sports Club in Goonellabah from 5:30pm on Tuesday, 3 March 2026.

Another auction has been scheduled for Murwillumbah on March 17 for a further 10 properties in Murwillumbah, Bray Park and Burringbar.

There is no reserve price on these houses, meaning bidding can start and end at $1, making it one of the most accessible housing opportunities in Australia.

To ensure a smooth transition to safer ground, this year's program introduces a new requirement: successful bidders must have a destination site ready at the time of purchase. This change is designed to help new homeowners hit the ground running, with all houses required to be moved by the end of 2026.

The NSW Reconstruction Authority is committed to supporting buyers through every step of this journey. A dedicated Relocation Concierge service has been established to provide personalised guidance, alongside a suite of online resources to help navigate the logistics of moving and restumping these unique homes.

As Australia's largest climate adaptation initiative, the Resilient Homes Program continues to create safer communities by removing homes from high-risk floodplains and giving them a second life on higher, more resilient land.

More details on the homes available through the Lismore auctions can be found at: https://www.walmurray.com.au/pages/real-estate/ra-auction-houses

A helpful guide on the house relocation process can be found at: https://youtu.be/MUMZgI4dabY

Minister for Recovery Janelle Saffin said:

"We aren't just auctioning houses; we are saving the 'tin and timber' soul of the Northern Rivers.

"These auctions give local families-especially those starting out-a rare, affordable shot at home ownership while ensuring our region's unique character is preserved for the future.

"It's about moving our history to higher ground and giving these beautiful homes a second life in a safer place."

NSW Reconstruction Authority Executive Director Northern Rivers Adaptation Division Kristie Clarke said:

"The Resilient Homes Program is one of the most innovative initiatives undertaken after a disaster in Australia.

"Through the buyback process, we're removing homes from the floodplain and creating new opportunities for local families by making some of these available for relocation."

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