McInnes Wilson Lawyers Assists Ipswich City Council in Facilitation of Voluntary Home Buy-Back Program 

MCW Success

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DATE PUBLISHED: August 11, 2023

We are proud to announce that the McInnes Wilson Lawyers' Real Estate and Projects team is assisting Ipswich City Council with Council's purchases of flood-impacted properties under the Voluntary Home Buy-Back program (VHBB). 

One of three program options under the $741 million Resilient Homes Fund (being a fund developed by the Queensland and Federal Governments to help Queenslanders whose homes were impacted by the 2021-2022 floods), the VHBB program aims to remove flood-impacted homeowners from harm's way.

Flood-affected properties bought back under the program must be rezoned to non-habitable use and will no longer be available for residential or commercial use to ensure that no residents will suffer from future flooding of these blocks.

Council has so far engaged McInnes Wilson Lawyers to assist Council in the purchase of over 30 properties under the VHBB program, with several more purchases to follow.

The Real Estate and Projects team was instrumental in negotiating the contracts (including special conditions) for the purchases, ensuring a smooth sale process for each of the properties.

The Real Estate and Projects team was led by Principal Brian Schech and Senior Associates Dominic Ierna and Alex Fung.

If you would like to see how we can assist you and your business, please contact Brian Schech on 07 3231 0602 or BSchech@mcw.com.au or Dominic Ierna on 07 3231 0419 or DIerna@mcw.com.au.

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