The Bundaberg Regional Council has finalised a new building policy for areas in the southern Queensland city inundated during the Australia Day weekend floods.
Mayor Mal Forman says the Burnett River reached a flood height of 9.53 metres but the new building levels will vary for individual properties.
Deputy Mayor David Batt says new developments in Bundaberg will need to have floorboards raised 300 millimetres above the January flood levels.
He says the State Government needs to approve the plans.
"It's an instrument that will be in place for only up to 12 months as a maximum and any property that had water around it, through their properties through this last flood in 2013," he said.
"There's approximately 4,000 properties that are affected by it.
"The majority of those won't mean anything new to them, it'd only be if you wanted to build a new house or rebuild a house that has been severely damaged."
© ABC 2013
15:19 EST Editor's note: This story has been updated to clarify that the higher prices predicted by livestock agent Kevin Currie would be paid for dressed weight and not live weight bullocks, as was suggested in the original story.