Have you ever been sitting on a piece of property that someone wanted to buy? Well, that’s the case for one family who lives near a development. The family is located in The Ponds, which is a suburb of Sydney, Australia. They have refused to sell their idyllic property to developers who are eager to obtain it so they can divide it into smaller lots and build houses on the land to sell to the highest bidder.
The developer estimated the worth of the property to be as much as $50 million. Nevertheless, the family refuses to sell their property and have their mansion dismantled and their land was broken up into smaller lots so housing units can be developed.
The owners of the property in question are the Zammit family. They are holding strong to their land despite being offered millions of dollars from the developers.
Ever since the family first moved into The Ponds, the neighborhood has changed a lot. Back in 2018, developers began buying up vacant land around the family’s house and started building homes that they then turned around and sold on the open market. The homes are built one on top of the other because the developers are trying to squeeze as much value out of their property as possible