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Hunter region rural property values fell 6.3% post-REZ declaration, sparking debate despite state-wide growth.
Rural property values in Australia's Hunter Central-Coast Renewable Energy Zone dropped 6.3% after the project's formal declaration, according to government data, sparking debate over the impact of large-scale renewable projects on local real estate.
This follows a 67.2% increase in rural property values the prior year.
The NSW government asserts the decline is unrelated to the REZ, noting continued growth in land values across other REZs and the broader state, with rural values rising 1.9% in 2024 and industrial properties seeing gains in recent years.
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Los valores de las propiedades rurales de la región de Hunter cayeron un 6,3% después de la declaración de REZ, lo que provocó un debate a pesar del crecimiento en todo el estado.