A family who has previously rejected an offer of $50 million from developers for their property is continuing to stand defiant.
The Zammit family have been doing all they can to protect their home and the land surrounding The Ponds area in Sydney, Australia.
A stunning property that boasts a lush lawn, a huge 200-metre driveway that leads up to the brown brick home with a triple garage, and stunning views of the Blue Mountains, it's no wonder the owners don't want to give up their home.
A local real estate agent praised the Zammit family for staying put, despite the big cheques they have been offered.
"The fact that most people sold out years and years ago, these guys have held on. All credit to them," Ray White Quakers Hill agent Taylor Bredin told 7News, stating that up to 50 potential builds could probably be put on that specific plot of land.
A sea of roofs from a new housing development in Sydney. Credit: Andrew Merry/Getty
"Depending on how far you push the development plan, you’d be able to push anywhere from 40 to 50 properties on something like this, and when subdivided, a 300 square meter block would get a million dollars," he added.
Footage of the home that has been posted to Twitter, better known now as X, shows the building surrounded by hundreds of grey-roofed buildings that line up all the way to the Zammit's property's fencing after developers started overloading the area with new properties.
"Good for them. We have the same problems here in America," commented one user while another added: "Poor guys. They just want to live in peace."
A third also wrote: "I can’t imagine the lawsuits they’ve been put through."
Speaking to Daily Mail Ausralia, Diane Zammit opened up about how different the area used to look when they first acquired it 16 years ago.
"It used to be farmland dotted with little red brick homes and cottages," the 51-year-old told the outlet. "Every home was unique, and there was so much space - but not any more. It's just not the same."
Ella Cas, a 22-year-old Australian buying agent, also told the Daily Mail that the lot was worth so much due to the potential of putting multiple properties on it.
"So if developed, the revenue would be conservatively $35.8 million or $43.68 million dollars if I'm a Sydney developer," she explained, stating that each home could be sold for just under a million dollars. "This doesn't even include development cost, and already you have not made back the $50 million dollars you spent on the land."
Though Cas did add that she couldn't believe that the family hadn't sold the place and taken the big bucks to buy another.
"It's surprising they stay living there," she said.
Well, it seems as though the Zammit family will be holding out for a lot longer than developers intended them to proving that you actually can't put a price on happiness after all.
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