Perth family who refused to sell home for 40 years cashes in with $4 million sale

A Perth family who held the line against decades of interest from developers has finally folded, walking away with a deal worth millions.

For forty years, a block in Perth’s southern fringe remained untouched.

But this week, the family who held the line against decades of interest from developers finally folded, walking away with a $4 million handshake.

7News reports the 2.34-hectare block at 466 Wattleup Road in Hammond Park — placed a stone’s throw from the Kwinana Freeway and just 27km south of the city — had belonged to the same couple since the early 1980s.

Their children are now middle-aged, with the four-bedroom house with a semi-detached granny flat standing as a time capsule amid the asphalt and subdivisions that slowly closed in over the decades.

They’d resisted plenty of developer knock-knocks over the years. But in the end, the market did what persistence couldn’t.

“This family had fielded many approaches by developers over a decade and had listed the land on this prominent road twice before,” said Ollie Salimi, head of property investment at Effective Property Solutions.

“However, it was only on this third attempt that the sale got over the line with all parties.”

That third time proved successful.

A Perth family who held the line against decades of interest from developers has finally folded, walking away with a deal worth millions.

The $4 million deal came in 20 per cent above the couple’s expectations, thanks to a bidding war among eight developers.

The winning offer came from WA-based construction firm Apex Building, which plans to transform the land into residential housing to meet spiralling demand in the city’s southern corridor.

“The plan is to use the site for residential development to meet strong demand for homes in this flourishing southern Perth suburb that’s a major growth corridor,” Salimi said.

The 2.34-hectare block at 466 Wattleup Road in Hammond Park — placed a stone’s throw from the Kwinana Freeway and just 27km south of the city — had belonged to the same couple since the early 1980s.

The land is zoned for development under multiple residential densities (R50, R60, R80), as well as local centre designation — a dream canvas for developers looking to expand.

Hammond Park itself has been on a steady incline, with the median house price now nudging $800,000.

Apex’s victory came after previous attempts to close the deal had faltered. This time, it stuck. And the sellers — described by Salimi as “very private” — are said to be quietly pleased their long-held land will now “make way for more homes to meet demand in the area.”