An Australian music festival scheduled for later this month has been abruptly cancelled, with organizers announcing that the event will not be held in the future.

The festival, known as Changing Tides, was a boutique music event poised to draw a crowd to the picturesque clifftops of Kiama, located just south of Sydney, on November 22.

However, attendees received an email today informing them of the cancellation of this year’s festival, along with the news that it would not be returning in subsequent years.

“This decision was not made lightly and was reached after careful consideration,” the organizers stated, as reported by Rolling Stone.

“We are truly heartbroken by this outcome but remain deeply appreciative of the enthusiasm, love, and support that so many of you have shared throughout our journey.”

“While this chapter is coming to a close, we’re incredibly thankful to everyone who believed in the vision of Changing Tides, helped bring it to life and made beautiful memories with us in Kiama.”

All ticketholders will automatically receive a complete refund within the coming week. 

Changing Tides did not say what contributed to its decision-making. 

9news.com.au has approached organisers for comment.

The annual music festival, held by Harlow Events, has sold out in the past two years since it started in 2023. 

This year’s event was seen as a major win for the region due to the major names included in the Australian and international line-up, headlined by UK singer Sam Fender.

Noah Cyrus, The Rubens, Skegss, MAY-A and Boy Soda were also booked to perform.

Organisers chose to host the music festival in Kiama to make it a “sought-after destination for acclaimed artists, music lovers and foodies which will also generate a nursery for home grown talent and business”.

Today’s cancellation is yet another addition to the growing list of canned Australian music festivals, with the industry seemingly unable to recover from economic strains and the cost of living.

So far this year, Groovin’ in the Moo, Souled Out, Good Life, Esoteric and Panama music festivals have been scrapped.

Most attributed the sudden cancellations to financial pressures.