Yours and Owls organisers have announced the festival is cancelled, just days before it was due to kick off.
"With total exhaustion and sadness, we announce the cancellation of Yours and Owls 2022 due to flooding," they said.
"With the amount of water that has landed on Stuart Park in the past few weeks, the flash flooding we experienced in the gong over the weekend and the forecast for the rest of this week, we simply cannot safely execute this year's event.
"We have been pumping water off the site, developing other management and mitigation plans, even using the SCG's famous Super Sopper, but nothing has been a match for the formidable force of La Nina.
"After lengthy consultation with relevant stakeholders and emergency services and no appropriate alternate event site in the area, we are left with no option other than a full cancellation."
Organisers said ticket holders will receive a full refund, although this may take some time to be processed by both the festival's insurer and Moshtix.
Ticket holders will be contacted by Moshtix via email, they said.
Organisers railed against the challenges faced by the live music industry in recent years in a press release.
"The past few years have been an unprecedented shit fight of biblical proportions for the live music industry," they said.
"We want to thank all our staff, contractors, suppliers, artists, industry colleagues, stakeholders, the local community, and all of you who bought tickets to Yours and Owls 2022 for your continued support; it means the world to us.
"We share your disappointment and apologise for any inconvenience caused.
"We will contact all ticket holders regarding the All Ages, After Party and King Stingray workshop with an update on these events in the next few days.
"If you can spare any of the cash you had stashed to spend this weekend, please consider donating to those people along the East Coast who have been and continue to be severely impacted by these recent and current flood events."
The Illawarra Mercury newsroom is funded by our readers. You can subscribe to support our journalism here.
Sign up for breaking news emails below...