A family is refusing to leave their dream home despite multiple offers.
In recent years, an incredible story has emerged in The Ponds, a suburb in Quakers Hill, Australia.
Amid tremendous expansion and urbanization, the Zammit family refuses to sell their property despite being offered a startling sum.
The Zammits’ property, valued at roughly $4.75 million in 2012, spans five acres.
The house, described as having Windsor Castle-style design, has a 650-foot road across its huge lawn.
It is approximately 40 minutes from Sydney’s major business center and provides spectacular panoramic views of the Blue Mountains.
Overall, these factors make the Zammits’ decision not to relocate rather comprehensible.
The family’s story has sparked public interest, with many people resorting to social media to express their opinions.
One person writes: “Poor guys. They just want to live in peace.”
Another adds: “If the house has a lot of sentimental value to the owners I can totally agree with their decision.”
“Good for them,” a third comments.
Someone else remarks: “Apparently money can’t buy everything, after all.”
Taylor Bredin, a Ray White Quakers Hill real estate salesperson, admires the Zammit family’s attitude.
He tells 7News: “The fact that most people sold out years and years ago, these guys have held on. All credit to them.”
The majority of the adjoining land was sold over 10 years ago, thus the house currently stands among high-density houses that press against its fence line.
Bredin estimates that Zammit’s property might hold up to 50 residences, with each split 3,200-square-foot block possibly worth a million dollars.
Most recently, the family reportedly turned down a $50 million bid for the site; the tenfold increase in value over only a decade highlights the tremendous changes in the local real estate market.
Ella Cas, an Australian buyers agent, tells the Daily Mail that land is an excellent investment since it handles 80 percent of the heavy lifting in terms of capital growth.
Cas claims she has met farmers who purchased land for pennies and are now millionaires.
In an interview with 7News, Diane Zammit recalls the neighborhood’s history, presenting a picture of a different setting.
She described it as ‘farmland scattered with little red brick dwellings and cottages,’ adding sadly, “Every home was unique, and there was so much room – but not anymore. “It’s not the same.”
A timelapse video on X, formerly Twitter, shows the property remaining solid despite years of surrounding building.
This house in Australia has continually rejected offers for purchase, most recently a $50 million dollar offer, per 7News: pic.twitter.com/jCtxOMTCn6
— unusual_whales (@unusual_whales) May 7, 2023
