Selling Houses Australia

Episode Guide

Flood House

Series 5 · Episode 1

The devastating Brisbane floods of 2011 left a trail of destruction in their path, homes lost and possessions destroyed. But months after the murky waters subsided the victims are still trying to rebuild their lives. Paul and Gloria and their daughters Helena and Rachel lost everything when the floodwaters engulfed their Yeronga home. Traumatised by the event, they decided to take an insurance pay out and sell their house in its uninhabitable state. However their escape plan turned out to be flawed. First the Brisbane market crashed, devaluing their home even further. But more serious, the banks wouldn’t loan money on a house that couldn’t be insured as it’s uninhabitable, so potential buyers couldn’t get a mortgage. The only way out is to fix up their shell of a house, and restore it back into a liveable home.

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