Family keeps undisclosed property for four decades, earning significant wealth
An Out-of-the-Ordinary Find: Discover the story behind a towering swath of land in a bustling residential area - a sprawling 2.34 hectares that stands tall and untouched.
Decades of Resistance:For 40 long years, this ancient plot with its untouched greenery has withstood numerous offers to buy. But finally, after an eternity, the land has found a new owner.
A Tale of Seclusion:In the early 70s, an Australian family snatched up the 2.34-hectare piece of land in Hammond Park, a suburb south of Perth. They built a humble abode, replete with four bedrooms, two bathrooms, and an attached apartment, raising their five children in relative seclusion.
Uncharted Territory:Even as the modern world creeping in, the family managed to remain under the radar. The couple received purchase offers from all over the city, but Hammond Park stubbornly held only 6,670 residents in 2,465 private dwellings according to the 2021 statistics from the Australian Bureau of Statistics.
The Mega-Sale:Tired of the constant intrusion, the family, after enduring decades of queries, decided to part with their land. In a deal that left spectators agog, the plot was sold for a staggering $4 million AUD (approximately $2.4 million euros). The exclusive buyers were none other than the private construction company, Apex Building.
The Sellers' Quiet Denial:Keeping their identity low-key, the sellers croaked only through their real estate agent, Ollie Salimi. In an interview with the news channel, 7News, Salimi shared that the selling price was 20% above the owners' expectations, leaving them extremely satisfied. "The family's persistence and secrecy surrounding their property finally paid off," he added. Land prices in the outskirts of Perth, including the Hammond Park region, were significantly lower decades ago.
The Future:The new owner intends to capitalize on the land according to the city's development plans, catering to the escalating demand for housing and commercial spaces in the booming suburb of Perth.
Additional Insights:Recent developments indicate that there are ongoing plans for residential expansions in Hammond Park due to high demand. In fact, a 2.33-hectare holding was sold for $4 million in 2025, with the buyer intending to use the site for residential development. Moreover, Hammond Park is identified as a major growth corridor, and discussions regarding proposed structure plans are underway, reflective of the vibrant development activities in the area.
- The Australian family who purchased the 2.34-hectare plot in Hammond Park in the 1970s invested in dwellings, building a home with four bedrooms, two bathrooms, and an attached apartment.
- Despite the increasing housing-market and real-estate trends in Perth, the family managed to keep their secluded dwelling under the radar for decades, despite receiving numerous offers to sell.
- After 40 years of resisting offers, the couple finally decided to cash in on their investments, selling the land for a mind-boggling $4 million AUD, which is approximately $2.4 million euros.
- The couple's investments in the outskirts of Perth have significantly multiplied in value over the years, as the current buyers, Apex Building, aim to capitalize on the land according to the city's development plans.
- As Hammond Park continues to grow and expand, with ongoing plans for residential development and identification as a major growth corridor, it's evident that the couple's dwellings investments in the 1970s are part of a larger trend in the Perth housing-market, further validating their patience and persistence in holding onto their property.
