Property

CSG decision a positive for property prices

Real estate agents have said it's difficult to sell properties at market prices when CSG infrastructure is on or around it.
Real estate agents have said it's difficult to sell properties at market prices when CSG infrastructure is on or around it. Simon Green

GRAFTON real estate agent Stephen Ebeling welcomes Clarence Valley Council's decision to declare the region a no go zone for coal seam gas exploration, but says he's not a member of any particular alliance or group.

Mr Ebeling was one of three people to present a deputation to Clarence Valley Council earlier this week.

The speech outlined what he described as a major threat to lifestyle and land values.

"I spoke from a real estate agent's point of view... how the industry was likely to impact land owners and the value of land," he said.

Mr Ebeling, who has studied CSG for five years and travelled to the Tara gas fields in Queensland to see it first hand, said the visual impact, noise, and pollution was not something he wished to see repeated anywhere, let alone in the Clarence Valley.

"This is a heavily industrialised landscape on a massive scale," he said.

"I spoke with other real estate agents who told me it was next to impossible to sell anything at market prices when infrastructure was on or around it.

"I've seen the stress it puts people through and the impact on people's lives."

Meanwhile campaigner and spokeswoman for Knitting Nannas Against Gas, Lynette Eggins, also attended the council meeting, but as a spectator.

She said the council's decision to take a stand was a reflection of community opinion and attitude.

"We've spent a lot of time in trying to get government to listen to the community," she said.

"This is a big step forward for the valley and brings our council in line with other councils in the Northern Rivers.

"I think this is going to be a massive election issue across the state."

Topics:  clarence valley clarence valley council coal seam gas csg knitting nannas against gas property market



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