Could a coal mine decrease town values?

@originalsinner I doubt a mine could take values from where are currently in Kingaroy LOWER given they are already low. In almost ALL cases new mines increase rents and values, and the rest of the economy. The only scenario I could see values falling was if a proposed mine was:
1 right on the edge of town,
2 in a really high price trendy latte drinking town who would actually leave because of the mine.

In practice this would be really rare.

If locals are fighting its because they don’t like it for a lot of other reasons, this has been added in to try and strengthen the argument, but is unlikely to be true. Of course mines have environmental impacts that are real, and whether a new coal mine will do well in the current climate is questionable anyway given current low prices (will probably rise eventually) but yeah its more an emotional NIMBY thing (not in my backyard) than a financial thing.