General
Western Sydney Airport forces rezoning of properties, residents demand inquiry
Theo Koutsomihalis’s property was listed for sale for $12 million in 2018, now it’s been valued at $1 because of rezoning around the new Western Sydney airport.
Key points:
- The NSW government has rezoned all land around the Western Sydney Aerotropolis
- Theo Koutsomihalis says his property is now “worthless”
- Residents in Luddenham say their land value has fallen after the land revaluation
In October last year, the NSW government rezoned all land around the Aerotropolis — the area surrounding the airport at Badgerys Creek.
Mr Koutsomihalis saw his 4-hectare Bringelly property transform from rural land to 100 per cent environmental land under the new zoning.
“This 100 per cent green space has rendered my property worthless,” Mr Koutsomihalis…
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