House in Australia has continually rejected offers for purchase, most recently a $50 million dollar offer

In Sydney, a family has made the resolute decision to retain their cherished property, despite being surrounded by a housing development. The Zammit family's two-hectare plot of land, located in The Ponds, stands in stark contrast to the adjacent rows of newly constructed houses. The family's decision to remain on their land, despite the potential for lucrative offers, has been commended by a local real estate agent.

Taylor Bredin, an agent with Ray White Quakers Hill, told 7News, "The fact that most people sold out years and years ago, these guys have held on. All credit to them." Bredin estimated that the land could accommodate up to 50 houses, with each subdivided 300 square metre block potentially fetching a million dollars.

The property features a sprawling lawn, an extensive 200-metre driveway, a brick house with a triple garage, and a large shed. It is situated approximately 40 minutes from Sydney's central business district and offers views of the Blue Mountains. The neighboring high-density homes are constructed right up to the property's fence line. Some neighbors have expressed a preference for the Zammits not to sell, as they enjoy residing in a cul-de-sac.

Diane Zammit, 50, reminisced about the area's past, describing it as "farmland dotted with little red brick homes and cottages." She lamented the changes, stating, "Every home was unique and there was so much space - but not any more. It's just not the same."

The story of homeowners standing their ground against developers often resonates with the public, as exemplified by the enduring popularity of the Australian film "The Castle." The Zammit family has chosen to remain private, refraining from discussing previous offers or their plans for the future.