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The Courageous Stand of a Sydney Family: Refusing to Sell Property as Housing Development Swallows Up the Land

by Stephen King Leave a Comment

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A single aerial photo has revealed the inspiring story of a family in Sydney’s northwest who have bravely stood their ground and refused to sell their property despite being surrounded by a rapidly expanding housing development.

The property, located in the Ponds area near Quakers Hill, is owned by the Zammit family who have rejected offers of millions of dollars to give up their land. The aerial image shows a large green area with a house and a large shed in the middle, surrounded by expanding rows of newly built, near-identical homes.

According to Ray White Quakers Hill agent Taylor Bredin, as many as 50 houses could potentially be built on the land if the Zammit family were to sell. However, the family’s decision to hold on to their property has earned them widespread praise and admiration.

It’s estimated the property could sell for $50 million. Source: Seven News

“The fact that most people sold out years and years ago, these guys have held on. All credit to them,” Bredin said.

The property’s potential value is estimated at a staggering $50 million, with a 300 square metre block estimated to sell for a million dollars if subdivided.

The Zammit family’s decision to hold on to their property is even more remarkable given the rapid changes that have occurred in the area since they first moved in. According to Diane Zammit, the area used to be “farmland dotted with little red brick homes and cottages,” with every home unique and plenty of space to go around.

But now, the area is almost unrecognizable, with newly built homes lining the streets and the open space quickly disappearing. Despite this, the Zammit family remains committed to their property and their way of life.

According to the report, building for the development began in 2018. Source: Google Maps

Their brick home boasts stunning views of the Blue Mountains and a 200m-long driveway leading to a triple garage and a huge shed. Located around a 30-minute drive from Sydney’s CBD, the property is a rare oasis of green space and serenity in a rapidly developing city.

As Sydney remains one of the most expensive cities in Australia to buy property, the Zammit family’s story serves as a powerful reminder of the importance of holding on to what we value most, even in the face of great change and uncertainty.

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Filed Under: Trends Worldwide Tagged With: Australia, Australian real estate, development, High-value properties Sydney, housing, housing development, Housing development Sydney, investment, land, land subdivision, land value, market, property, property investment, Property investment opportunities, property market trends, Real Estate, Real estate news Australia, real estate prices, sydney, Sydney property market, Urbanization and green spaces

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