{"id":31117,"date":"2021-03-11T11:47:25","date_gmt":"2021-03-10T22:47:25","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=31117"},"modified":"2021-03-11T11:47:25","modified_gmt":"2021-03-10T22:47:25","slug":"western-sydney-airport-forces-rezoning-of-properties-residents-demand-inquiry","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/western-sydney-airport-forces-rezoning-of-properties-residents-demand-inquiry\/","title":{"rendered":"Western Sydney Airport forces rezoning of properties, residents demand inquiry"},"content":{"rendered":"<p><strong>PHOTO: Theo Koutsomihalis&#8217;s property was listed for sale for $12 million in 2018, now it&#8217;s been valued at $1 because of rezoning around the new Western Sydney airport.<\/strong><\/p>\n<section class=\"vB11C _1tnlo _1w6Cw _1pc-9 _2EbnQ\" role=\"contentinfo\" aria-label=\"key points\" data-component=\"KeyPoints\" data-uri=\"coremedia:\/\/teaser\/13231770\">\n<h2 class=\"_3mduI _2gTdF _1deB8 jwLlj _1O6ck _1GKnS _2o9MN _1-RZJ\" data-component=\"Heading\">Key points:<\/h2>\n<ul class=\"W8pqX\" role=\"list\" data-component=\"List\">\n<li class=\"\" data-component=\"ListItem\">The NSW government has rezoned all land around the Western Sydney Aerotropolis<\/li>\n<li class=\"\" data-component=\"ListItem\">Theo Koutsomihalis says his property is now &#8220;worthless&#8221;<\/li>\n<li class=\"\" data-component=\"ListItem\">Residents in Luddenham say their land value has fallen after the land revaluation<\/li>\n<\/ul>\n<\/section>\n<p class=\"_1HzXw\">In October last year, the NSW government rezoned all land around the Aerotropolis \u2014 the area surrounding the airport at Badgerys Creek.<\/p>\n<p class=\"_1HzXw\">Mr Koutsomihalis saw his 4-hectare Bringelly property transform from rural land to 100 per cent environmental land under the new zoning.<\/p>\n<p class=\"_1HzXw\">&#8220;This 100 per cent green space has rendered my property worthless,&#8221; Mr Koutsomihalis said.<\/p>\n<p class=\"_1HzXw\">&#8220;I&#8217;ve had my property officially valued and with nobody acquiring my land, it has been valued at $1 and unsaleable.&#8221;<\/p>\n<figure id=\"13231712\" class=\"_2w-Eq _1w6Cw _1pc-9 _357jP\" title=\"Local residents at Luddenham showgrounds\" role=\"group\" data-print=\"inline-media\" aria-labelledby=\"dls-id-644848\" data-component=\"Figure\" data-uri=\"coremedia:\/\/imageproxy\/13231712\">\n<div class=\"_3L4rN\" data-component=\"IntersectionObserver\">\n<div class=\"lt7xz\" data-component=\"AspectRatioContainer\"><img decoding=\"async\" class=\"_1MKdo _3lrlT\" src=\"https:\/\/live-production.wcms.abc-cdn.net.au\/f39c30c62f43cf5cd0f8604791cbd9ac?impolicy=wcms_crop_resize&amp;cropH=1000&amp;cropW=1498&amp;xPos=1&amp;yPos=0&amp;width=862&amp;height=575\" sizes=\"100vw\" alt=\"A group of men and women stand together\" data-component=\"Image\" \/><\/div>\n<\/div><figcaption id=\"dls-id-644848\" class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _2FwWh\" data-component=\"Figure__figcaption\"><em><strong>Local residents say their land values have plummeted since the rezoning. <\/strong><\/em><cite class=\"_21SmZ _3_Aqg _1hGzz _1-RZJ P8HGV _16dJg\" data-component=\"Figure__cite\"><em><strong>(ABC News: James Carmody)<\/strong><\/em><br \/>\n<\/cite><\/figcaption><\/figure>\n<p>READ MORE VIA <a href=\"https:\/\/www.abc.net.au\/news\/2021-03-10\/western-sydney-airport-land-rezoning-makes-valuations-difficult\/13215874\">ABC<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"The little-known 'slice of heaven' bath house just outside Sydney\" href=\"https:\/\/propertynoise.co.nz\/au\/the-little-known-slice-of-heaven-bath-house-just-outside-sydney\/\" data-bump-view=\"tp\"><img decoding=\"async\" class=\"widgets-list-layout-blavatar lazyload\" 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href=\"https:\/\/propertynoise.co.nz\/au\/western-sydney-airport-forces-rezoning-of-properties-residents-demand-inquiry\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":31118,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478114957,478098512,478098521,478101178,478114958,478098535,478098751,478098513,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098509,478098536,478098618,478114955,478114956,478101175],"class_list":["entry","author-data123nz","post-31117","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-aerotropolis","tag-australia","tag-australians","tag-badgerys-creek","tag-bringelly-property","tag-house-prices","tag-nsw-government","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-news","tag-sydney","tag-sydney-property","tag-theo-koutsomihalis","tag-western-sydney-aerotropolis","tag-western-sydney-airport"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Western Sydney Airport forces rezoning of properties, residents demand inquiry - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/western-sydney-airport-forces-rezoning-of-properties-residents-demand-inquiry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Sydney Airport forces rezoning of properties, residents demand inquiry - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"PHOTO: Theo Koutsomihalis&#8217;s property was listed for sale for $12Read More &rarr;\" \/>\n<meta property=\"og:url\" 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