Homeowner Theo Koutsomihalis furious with proposed Western Sydney Airport zonings

·

Furious residents say their homes have been left “unsellable”, with one saying his property’s value plummeted from $11 million to only $1 because of proposed land zonings surrounding the new western Sydney airport, The Daily Telegraph reports.

Theo Koutsomihalis says under the latest zonings proposed, his entire 10 acre Luddenham property would be designated as green space – wiping millions from its value after it had previously been zoned as enterprise land.

He said planning firm Urbis had initially valued his land, then zoned as enterprise, at $11m.

However, proposed plans by the State government have designated his entire property as green space – with the firm updating him the property would now be “unsellable” with a value of $1.

“I’m stuck now with a property worth $1 for the next 20 or 30 years, if it ever sells,” he said.

“The other day I literally had to pull the car over and have a panic attack for 45 minutes.

“My kids’ future is gone.”

Mr Koutsomihalis drew the largest cheer at a public meeting of about 200 concerned locals at Luddenham Showground on Tuesday with state politicians and councillors from Liverpool and Penrith.

Full story: The Daily Telegraph

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

‘Compassion, community and purpose’ define the 2025 Jenny Souris Foundation Gala

The Jenny Souris Foundation Gala returned on Wednesday, 15 October 2025, with heart and purpose, drawing around 300 guests.

Thousands attend inaugural Brunswick Greek Festival

Thousands of people attended the Brunswick Greek Festival which was organised and run by the St Eleftherios Albion Street Brunswick parish.

St John’s church in Carlton hosts annual celebration for Patron Saint of police officers

The annual celebration of Saint Artemios’ feast day is one of the key events on the Victoria Hellenic Police Association (VHPA) calendar.

Greek Deputy Foreign Minister Ioannis Loverdos strengthens ties in Adelaide visit

Greece's Deputy Minister of Foreign Affairs for Greeks Abroad, Ioannis Loverdos, is visiting Adelaide, South Australia.

Ex-Collingwood captain sues former manager Jason Sourasis for $3 million

Former Collingwood captain Scott Pendlebury has filed a $3 million lawsuit against his former manager and long-time friend Jason Sourasis.

You May Also Like

Registration deadline extended for ‘Certificate of Attainment in Greek Language’

Registration deadline for the examinations for the ‘2025 Certificate of Attainment in Greek Language’ has been extended.

Mitsotakis talks Greece with Greek American congressman Gus Bilirakis

Greek Prime Minister, Kyriakos Mitsotakis, received US Congressman, Gus Bilirakis, in his office at the Maximos Mansion in Athens.

Nikos Magitsis: The first Greek to complete ‘7 summits’

On this day in 2003, Magitsis became the first Greek to hike the peaks of both the South and the North Poles.