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 Turbines making a big difference to land values in Gippsland 

Turbines making a big difference to land values in Gippsland

13 Nov, 2008 12:26 PM
John Jess has been valuing properties in Gippsland, Vic, since 1982 and says wind turbines are having a significant impact on values for both farmland and residential property.

Having conducted valuations for a panel hearing on proposed wind farms, Mr Jess said farming properties appear to drop 10-15 pc near turbines.

There is stronger evidence to suggest rural-residential values drop by 30-40pc near win turbines.

“A place with a few acres and a nice coastal view worth $350,000 may now be worth $250,000 if it is close to turbines and there is ample evidence to suggest this sort of impact is occurring.”

While Gippsland is only home to two relatively small windfarms at Wonthaggi and Toora, Mr Jess said the owner of the latter had bought up to six adjoining properties and in some cases demolished the houses on them.

“It just wrecks communities,” he said.

Mr Jess has questioned the value of windfarms given each 100 metre turbine produces about 0.7 megawatts per day and the July peak this year showed Victoria, NSW, South Australia and Queensland used 32,000 megawatts on that day according to the national electricity operator NEMMCO.

“We need thousands of turbines just to make a difference," he said.

"This industry is being subsidised heavily and at what cost to communities?”

Mr Jess said the property market affected by wind turbines in the east of Victoria is different from that in Vic's west.

In the west, it is farming land that is affected by wind turbines, rather than the coastal, rural-residential properties common to Gippsland.

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Turbines a fools dream! Landholders need to read the contract closely - otherwise you might end up signing to take all the legal libility and have to decommission them at a cost of over $1m per turbine.
Posted by Pete Babcock, 13/11/2008 12:29:50 PM
This is only one of the problems caused by wind farms. By far the worst is the health problems that can affect residents living closer than 2 kilometers to a turbine. Other problems include noise pollution, fire, accidents, wild life destruction (mainly birds and bats) life style destruction, destruction of landscapes. See www.carrajungwindfarms.com
Posted by Terry Vincent, 13/11/2008 3:58:11 PM
It is hardly surprising that land values drop next door to wind farms. One of the best aspects of rural life is the peace, quiet and beautiful scenery. Turbines radically change the rural landscape and who would risk exposing their children to the low frequency noise/vibration they emit?
Posted by Athena, 13/11/2008 5:05:23 PM
See Wind Power Pty Ltd contract by googling landholder contract review, all the terrible information will appear!
Posted by Jan, 14/11/2008 11:52:21 AM
i was once told by a now retired member of the s.e.c. that wind turbines could only work in conjunction with hydro electricity. when the wind drops the hydro turbines can immediately be turned on. with coal, the furnaces must be kept running at full blast the whole time in case the wind drops. if this is correct it does not seem to be such a good way of controlling emmissions.
Posted by rod, 18/11/2008 10:24:46 PM

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POLL
Q: Will farmers be better off if agriculture is included in a carbon emissions trading system?

Yes - selling carbon will make us more profitable
(23%)

No - carbon taxes will increase our costs
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Undecided - We need more information
(31%)

Total Votes: 574
Poll Date: 09 November, 2008

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