	{"id":111909,"date":"2025-11-29T04:00:00","date_gmt":"2025-11-28T17:00:00","guid":{"rendered":"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/?p=111909"},"modified":"2025-11-26T21:51:12","modified_gmt":"2025-11-26T10:51:12","slug":"fifty-dollar-home-sells-at-lismore-buyback-auction","status":"publish","type":"post","link":"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/fifty-dollar-home-sells-at-lismore-buyback-auction\/","title":{"rendered":"Fifty-dollar home sells at Lismore buyback auction"},"content":{"rendered":"<p>ANOTHER 10 buyback homes were sold in Lismore last week, with new homeowners purchasing the relocatable houses from as low as $50 to as high as $125,000.<\/p>\n<p>More than 60 first-time homeowners, builders and investors from the region and other areas participated in the sale.<\/p>\n<p>All properties sold for a total of $209,970, with the Simmons Street house in North Lismore being the bargain of the night for $50. South Lismore homes in Union and Cromer Streets sold for between $100 and $500.<\/p>\n<p>Potential homeowners bid with the understanding that relocation costs can exceed $150,000, depending on the property.<\/p>\n<p>NSW Reconstruction Authority Northern Rivers adaptation executive director Kristie Clarke said some families had become first-time homeowners under the initiative.<\/p>\n<p>\u201cFor some people, this is the ultimate renovation project. For others, it\u2019s the ultimate reset: a fresh start for the house and a fresh start for the person who takes it on,\u201d Clarke said.<\/p>\n<p>Minister for Recovery Janelle Saffin said each auction was another step forward in helping communities recover and rebuild.<\/p>\n<p>\u201cThe buyback auctions have never been about the sale price. We just wanted to get these homes repurposed for a safe future and have steamrolled their sale,\u201d Saffin said.<\/p>\n<p>\u201cIt\u2019s heartening to see a lot of young families getting a foot into the housing market and these homes a second lease of life.\u201d<\/p>\n<p>The NSW Reconstruction Authority purchased the relocatable properties through the buyback stream of the NSW and Federal Governments $880 million Resilient Homes Program.<\/p>\n<p>More than 100 Northern Rivers flood buyback properties have now been offered for sale since December last year, capturing nationwide attention.<\/p>\n<p>Buyback auctions have no reserve, with bidding starting at $1, garnering national attention with one of the most accessible and affordable housing opportunities in the country.<\/p>\n<p>Ninety-six houses have sold in eight auctions in 2025, and another two auctions will be held in Lismore on December 2 and 9.<\/p>\n<p>The latest successful bidders have until November 30, 2026, to relocate their houses to flood-free land.<\/p>\n<p>For information on upcoming auctions, visit <a href=\"http:\/\/walmurray.com.au\/pages\/real-estate\/ra-auction-houses\" target=\"_blank\" rel=\"noopener\"><strong>walmurray.com.au\/pages\/real-estate\/ra-auction-houses <\/strong><\/a>and <a href=\"http:\/\/prd.com.au\/northernrivers\/relocation-homes\" target=\"_blank\" rel=\"noopener\"><strong>prd.com.au\/northernrivers\/relocation-homes<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ANOTHER 10 buyback homes were sold in Lismore last week, with new homeowners purchasing the relocatable houses from as low as $50 to as high as $125,000. More than 60 first-time homeowners, builders and investors from the region and other areas participated in the sale. All properties sold for a total of $209,970, with the [&#8230;]<\/p>\n<p><a class=\"btn btn-secondary understrap-read-more-link\" href=\"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/fifty-dollar-home-sells-at-lismore-buyback-auction\/\">Read More&#8230;<\/a><\/p>\n","protected":false},"author":228,"featured_media":111910,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"post_folder":[],"class_list":["post-111909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fifty-dollar home sells at Lismore buyback auction - Tweed Coast Times<\/title>\n<meta name=\"description\" content=\"Lismore buyback homes sell from $50 to $125K, giving families and first-time buyers a fresh start with relocatable properties.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timesnewsgroup.com.au\/tweedcoasttimes\/news\/fifty-dollar-home-sells-at-lismore-buyback-auction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fifty-dollar home sells at Lismore buyback auction - 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