Queensland premier considers reducing red tape for flood victims

Queensland premier Anna Bligh has revealed the authorities in the area are looking into ways to make it easier for home loans customers and other people with property in the region to improve their residences.

One of the solutions proposed to minimise the potential damage that could be caused by future floods along the east coast is to raise abodes above floodwater levels, reports the Australian Associated Press.

However, for many the cost is prohibitive and building codes make it difficult to take this step.

Banana Shire council mayor John Hooper revealed that the alterations are currently classed as renovations, which are subject to expensive requirements.

Ms Bligh told reporters: "We are looking at how we can make it easier for people to be able to do that and get rid of some of the red tape that might apply in a normal situation."

In February this year, the Insurance Council of Australia estimated that the number of properties damaged by the natural disaster was 5,900.

Have a question about home loans? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-800546555-ADNFCR