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Wind farms cause land prices to plummet  

Credit:  The Courier | Feb 8, 2013 | www.thecourier.com.au ~~

Quoting Pia Akerman, a journalist with The Australian newspaper, February 1, 2013: “A Victorian council has conceded that a wind farm development still in its early stages has slashed the land value of its neighbours and agreed their land rates should be cut.”

The wind farm in question is the Bald Hills wind farm in South Gippsland.

For a council to agree that land valuations will drop before a wind farm is even built proves, as has been known in the UK for many years, that wind farms are built to the financial detriment of those who are unfortunate enough to own land in their vicinity.

In South Gippsland, plans are in place to reduce the rates of one landowner before the 52 proposed wind turbines are erected.

As Ms Akerman further reports: “The neighbour … has had his capital improved value reduced by 32 per cent.”

My question to the Ballarat City Council is this. Can neighbours of the Waubra wind farm expect their rates to be reduced also?

After all, a precedent has now been set and this was one of the arguments that those who fought the wind farm argued – that sadly fell on deaf ears in the rush for cash and political gain.



Source:  The Courier | Feb 8, 2013 | www.thecourier.com.au

This article is the work of the source indicated. Any opinions expressed in it are not necessarily those of National Wind Watch.

The copyright of this article resides with the author or publisher indicated. As part of its noncommercial effort to present the environmental, social, scientific, and economic issues of large-scale wind power development to a global audience seeking such information, National Wind Watch endeavors to observe “fair use” as provided for in section 107 of U.S. Copyright Law and similar “fair dealing” provisions of the copyright laws of other nations. Send requests to excerpt, general inquiries, and comments via e-mail.

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