Sydney suburb where house prices have allegedly plummeted
Sydney suburb house prices have allegedly plummeted by 30 percent
#breakingnews #australia #realestate #housingcrisis
Residents in Lidcombe say the proposed transformation of Carnarvon Golf Course into a 70,000-plot cemetery is already hitting property prices, stalling auctions and causing deep concern across the community. Homeowners, local agents and residents claim some houses have lost significant value, with families forced to rethink retirement, downsizing and future financial plans. Critics argue the flood-prone site is unsuitable for burials and say the development would wipe out one of the area’s last major green spaces and a long-standing community hub. While authorities say Sydney urgently needs more burial space and no final decision has been made, locals fear the damage to home values, buyer confidence and community wellbeing has already begun.
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