r/interesting • u/Wonderfulhumanss • 4d ago

SOCIETY The Zammit family refused to sell their five acre property as an entire Sydney suburb was built around them

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u/sc00bs000 4d ago

id retire and be living it up on the beach somewhere

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u/Appropriate_Major711 4d ago

Someone with that type of property likely already has a beach house or two

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u/Nuck2407 4d ago

Nah when they bought it in the 60s, it was out in the sticks..... You wouldn't have called it Sydney back then nor would they have paid in dollars, I'd say max £5k which after decimilization would be $10k

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u/[deleted] 3d ago

[deleted]

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u/Nuck2407 3d ago

That style and the bricks I would guess 70s, maybe 80s at the latest

The turning down millions has always been because of the sentimental attachment to the house, not the money

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u/Zapookie 4d ago

This area is an hour away from Sydney CBD. It used to be huge farm plots and land value was not high. There's no purchase record online, so they would have bought 30+ years ago, probably for a couple hundred k. This might literally be their only high value asset.

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u/SizzleDebizzle 4d ago

then not selling it makes less sense to me

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u/Sunderkill 4d ago

If you do not pay rent and you work in sydney full time you can afford a beach house.

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u/th4tgen 4d ago

Nah, even less. Half an acre 45 mins from Melbourne was $8k in 1990, according to what the previous owners of my house paid. In the 60s this would have been way less

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u/CompEng_101 4d ago

The last might have been cheap when they bought it, but look at that house – that's no simple farm homestead. I think they are doing pretty well for themselves.

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u/Ivanna_is_Musical 3d ago

...and in another country.

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u/Both-Sky-2315 4d ago

Same. At this point, give me a little beach, a hammock, and absolutely zero emails.

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u/Chance_Vegetable_780 4d ago

And a couple of dogs. Heaven

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u/Realistic_Ad1479 4d ago

A house 25% that size costs about 20m in Sydney.

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u/Puzzleheaded-Mix5848 4d ago

Me too. I'll be living overseas in Europe the Mediterranean