Aus council’s plan to sell $750k of land for $1

News Corp AustraliaFirst published 24 Jul 2026, 12:46pmAn Aussie council has proposed to sell off a $750,000 piece of prime real estate for a single dollar in a move that has outraged local residents. The Belligen Shire Council, on NSW’s North Coast says it is planning to sell land valued at around $750k to a non-profit to build afford affordable homes. But ratepayers hit by exorbitant hikes in council fees have been left unhappy at the move. “Council is proposing to provide financial assistance to Waterfall Way Community Land Trust by transferring Council-owned land at Ferry Street, Urunga, with an independently assessed market value of $750,000, for a sale price of $1,” the Belligen Shire Council said in a statement posted to its social media channels. MORE: Jackie O’s cunning $30m exit plan amid Kyle payout An Aussie council is planning to sell land on the cheap. “The proposed assistance supports Council’s adopted strategic goal to support Waterfall Way Community Land Trust in exploring alternative pathways for moderate-to-middle income households to access secure home ownership through a community land trust model.” The Council, which is reported to be in over $2.5m of debt and...