Golden Group Pays $36 Million For 64 Hectare Tarneit Development Site, Melbourne
It also made instant multi-millionaires of plenty of farmer’s whose previously virtually worthless properties would now catch the attention of developers, globally.
Despite swelling values however, many farms that have sold since the UGB changes have been off-market.
Wyndham Park, however, was a public campaign. When Jones Lang LaSalle listed it for sale last August, it was expected to sell for between $25 million to $30 million.
The farm is earmarked to be replaced with a 780-lot master-planned community with a park.
