Emily Lowe🌱 Real Estate Broker

A family in Australia has remained defiant in selling their nearly 5-acre property in the last few years as developers have been forced to build around them. Most recently, they declined a whopping $50 million offer for their home. Slap bang in the middle of a new-build development in The Ponds area near the city of Quakers Hill, the Zammits have indicated they cannot put a price on their beloved home. It’s a stark contrast to the adjacent rows of newly constructed houses that surround their longtime property. Their neighbors have praised their resilience as they enjoy the cul-de-sacs that this in-the-middle property creates by staying put, rather than having a typical through street. “The fact that most people sold out years and years ago, these guys have held on. All credit to them,” Taylor Bredin, an agent with Ray White Quakers Hill, told the outlet. Bredin estimated that the land could accommodate up to 50 houses, with each subdivided 3,200-square-foot block potentially fetching a million dollars each. Diane Zammit, 51, previously spoke to the outlet and reminisced about the area’s past, describing it as “farmland dotted with little red brick homes and cottages.”“Every home was unique and there was so much space — but not any more. It’s just not the same,” she said. Most of the neighboring blocks of land sold back in 2012 — which would have valued the Zammits’ property at around $4.75 million 10 years ago. Their Windsor Castle-style home features a 650-foot driveway in the middle of their expansive lawn. About 40 minutes from Sydney’s central core, the property offers panoramic views of the Blue Mountains. The neighboring high-density homes are built right up to the property’s fence line.