Sydney Zammit family declines AUD 60 million offer from developers
A two-hectare property in Sydney featuring a castle-like house at the center of a modern housing development has rejected a 60 million Australian dollar offer—equivalent to Rp 764 billion—from developers, detikcom reported on October 27, 2026. The Zammit family owns the rectangular plot, which includes a 200-meter driveway, an expansive green lawn without trees, and a second smaller building used as a shed and garage.
The Contrast Between the Zammit Property and Surrounding Modern Subdivisions
Before large-scale housing developments transformed the area, the Zammit property sat amid open green space. Now, the land is entirely surrounded by modern two-story residential housing that sells for about US$ 1.5 million or Rp 27 billion. Developers targeted the 20 thousand square meter lot because its scale could accommodate up to 40 individual homes. Despite receiving multiple phone inquiries and offers reaching AU$ 60 million, the family has consistently declined to sell.
Neighboring residents who sold their land describe the Zammit as private and quiet people who are seen maintaining their extensive lawn, which takes the youngest son about two and a half hours to mow. The property itself features a red-brick Mediterranean facade, a darker roof, over five bedrooms, and a small front garden with a dog kennel. It lacks luxury amenities such as a swimming pool or tennis court.
Estate Was Listed for Sale Twice Between 2015 and 2016
Property market records show the estate was previously listed for sale on two separate occasions. Daily News reported that the home was marketed for seven days in November 2015 with an asking price between US$ 858,000 and US$ 945,000, roughly Rp 10.9-12 miliar. In February 2016, the property returned to the market at the same price point before being withdrawn again after one week.
Reflecting on the neighborhood transformation, Mrs. Zammit noted that the surrounding area bears little resemblance to the terrain they encountered when moving there 16 years prior. At that time, the vicinity consisted of open dirt fields and scattered brick cottages. “Each house itu unik and there is so much space.”
Remaining Questions Regarding the Family’s Intentions
No public explanation has been given by the Zammit family regarding why they continue to refuse buyout proposals or whether they intend to entertain future real estate offers as surrounding property values evolve.