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Western Sydney Airport forces rezoning of properties, residents demand inquiry
Posted
WedWednesday 10
updated
ThuThursday 11
Theo Koutsomihalis has seen his property rendered worthless .
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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:
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.