Why Buying a $1 Flood House May Not Be a Good Idea

by | Jun 25, 2025 | News | 0 comments

Six new residential lots are coming up for auction in Wollongbar – but don’t count on dropping a $1 flood house onto one of them.

While relocating a charming, Big Scrub timber home from the flood buyback program might seem like a bargain dream, local property experts say most new estates won’t allow it.

“In fact, it would be a rare exception to find an estate that does allow it,” a local agent told Ballina News Daily

“There are strict design controls in place in most subdivisions that govern the type, style, and quality of homes that can be built.

“It’s all about ensuring consistent presentation and maintaining long-term value – so if you’re looking to relocate a flood-affected home, check the contract and planning approvals first.”

Ballina Shire Council confirmed the estate could not house a relocated home.

“The residential lots to be auctioned are for newly constructed homes in keeping with houses that have been constructed on the balance of the Wollongbar residential estate,” a spokesman said.

Council’s new land release on Avalon Avenue offers families and investors the chance to secure land in a fast-growing, well-connected community. 

The blocks, ranging from 600m² to 820m², are registered and ready for immediate construction, with the auction set for August 6.

“These blocks offer the ideal foundation to build a home in a location that ticks all the boxes – lifestyle, location, and community,” Council’s Manager of Commercial Services, Paul Tsikleas said.

“This important project supports our community’s growing housing needs by unlocking well-located land for new homes, while also providing a revenue stream to sustain Council operations.”

Mayor Sharon Cadwallader said Wollongbar’s popularity continues to grow thanks to its welcoming community, peaceful atmosphere, and excellent regional connections.

“Wollongbar offers the best of both worlds – a relaxed village atmosphere with great local amenities and quick access to surrounding towns. It’s a wonderful place to raise a family, stay connected to the region, and enjoy a balanced lifestyle,” she said.

Meanwhile, more than 30 flood-affected homes are now available across the Northern Rivers under the NSW Government’s buyback and relocation program.

Ten of those homes will go to auction on Monday, 8 July at the Lismore Heights Sports Club, with inspections available in advance.

As there is no reserve price on any of the properties, it’s theoretically possible for bidders to secure a house for as little as one dollar – provided no one else wants it.

But experts say the real cost could come later if the block it’s destined for isn’t zoned or approved for that type of construction.

“Always check the planning rules before getting emotionally or financially invested,” the agent said. 

“Cheap can get very expensive if it leads to non-compliance.”

Wollongbar Land Auction Details

  • Date: Wednesday, August 6
  • Time: Registrations from 5:00pm; Auction begins at 6:00pm
  • Location: Lennox Head Cultural Centre, 1 Mackney Lane, Lennox Head NSW 2478

Lismore Buyback Homes Auction:

  • Date: Monday, July 8
  • Time: Registrations from 5:30pm; Auction starts at 6:00pm
  • Location: Lismore Heights Sports Club

Details & Listings: www.walmurray.com.au/pages/real-estate/ra-auction-houses

Rod Bruem

Rod Bruem

Rod Bruem began his career as a cadet journalist at the Lithgow Mercury in 1985 and went on to work in other regional daily newspapers, radio and TV, including time at Australia’s top newsroom at TCN9 Sydney. Bruem has advised Federal independent and LNP Ministers and MPs and spent nearly two decades as a corporate communications adviser to Telstra. Rod moved to the Ballina region in 2014, publishing a national travel magazine and later becoming breakfast host at 101.9 Paradise FM. From 2022 he served a term as councillor on Ballina Shire Council and the Rous County Council before leaving to co-found the Ballina News Daily.

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