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A Melbourne landowner bought his property in 1981; decades later, a government reservation cut its value and a court awarded $27.9 million

💰 This 1981 Land Buy Paid Off Big

Published by OOPSONLINE.IN · Source: Times of India · 1 min read · · Updated

👀 OOPS SAYS

Talk about playing the ultimate long game. Buying land in 1981 and waiting decades for the government to mess up your zoning is apparently a highly lucrative retirement plan.

What actually happened

Rest of World News: Jeffrey Robert Barrett bought a property in Wyndham Vale, in Melbourne's west, in 1981, when it was zoned for rural use. Decades later, planning chang.

Key points

  • Rest of World News: Jeffrey Robert Barrett bought a property in Wyndham Vale, in Melbourne's west, in 1981, when it was zoned for rural use.
  • Decades later, planning chang.

Summary based on data provided by Times of India. Full article available at the original publisher.

  • #world
  • #melbourne
  • #landowner
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