For decades, the Miliado family’s three-acre property stood as a lone green expanse in the rapidly developing suburb of Salisbury, Adelaide. Surrounded by modern housing, the family’s refusal to sell their land became a tale of resilience and defiance. Recently, this unique saga came to an end when the property finally sold for over $6 million AUD, sparking widespread interest and reflection on the family’s journey.
A Historic Holdout in Salisbury
The Miliado family purchased their three-acre property in the 1950s. Over time, the area transformed, with developers building homes and infrastructure around their land. Despite constant offers, the family steadfastly refused to sell for over 30 years, adhering to their late parents’ wish to keep the property within the family.
The Family’s Unique Home
The property, which includes a modest three-bedroom house built in 1955 and a large shed, stood out against the backdrop of new suburban developments. Its interior, untouched since its construction, became a time capsule of mid-20th-century life, contrasting sharply with the sleek, modern homes around it.
Reluctantly Entering the Market
The family’s decision to sell came after the passing of their parents. Financial pressures and the emotional weight of maintaining the property ultimately led to its listing. Described as a “truly rare land holding,” the property immediately attracted the attention of developers eager to maximize its potential.
A Fierce Bidding War
When the property went up for auction, it sparked fierce competition among 20 developers. Initially listed for $3.6 million AUD, the bidding quickly escalated, with the final sale price reaching over $6 million AUD. This exceeded expectations by $2.4 million AUD, highlighting the high demand for such a valuable plot.
Mixed Emotions for the Family
The sale was a bittersweet moment for the Miliado family. While they were able to secure a substantial sum, parting with the land marked the end of an era. “It was their wish to never let that property go,” said real estate agent Tom Hector, reflecting on the emotional toll of the decision.
Developers Eyeing Big Plans
The property’s size and location offer immense potential for development. Situated near shopping centers and schools, it is expected to transform into a bustling residential area. Developers now have the task of reimagining the plot, with urban planners ready to explore its possibilities.
Similar Stories Across Australia
The Miliado family’s story isn’t unique. In Sydney’s Quakers Hill, the Zammit family has also resisted developers, holding onto their two-hectare property, which could potentially yield 50 homes. Their determination has made headlines worldwide, showcasing a growing tension between private landowners and urban development.
A Legacy of Determination
The Miliado family’s holdout serves as a testament to personal values clashing with the pressures of modernization. While they eventually chose to sell, their decades-long resistance highlights the power of family ties and the emotional significance of home. As Salisbury continues to grow, their story will remain a poignant chapter in its history.
Conclusion
The sale of the Miliado property marks the end of a remarkable journey in the heart of Adelaide’s urban sprawl. It underscores the tension between heritage and development, reminding us of the unique stories behind every piece of land.
