The evidence suggests no. At this stage there have been no formal studies on the affect of property values in Australia, but independent property valuers have reported that wind farms have had no discernible impact on local property values. Reports from elsewhere in the world, where wind farms have been operating longer than here in Australia, continue to show that house prices are unaffected by the proximity to wind farms.
“Trying to assess the impact of wind farms on the value of houses is a complex and emotive subject. Apparent changes in value disappear when examined closely.”
From – “What is the impact of wind farms on house prices?” – Royal Institute of Chartered Surveyors, Oxford Brookes University, (UK) March 2007. PDF Can be downloaded here.