The Milado Family Sells Iconic Property After Decades in Australia
For many years, the Miliado family’s three-acre estate served as a verdant sanctuary amidst the swiftly developing suburb of Salisbury, Adelaide. Encircled by contemporary residences, their steadfast refusal to sell became emblematic of resistance and a deep-rooted connection to their heritage.
The family purchased the land in the 1950s, at a time when the region was tranquil and predominantly undeveloped. As the suburb gradually evolved with new homes and infrastructure, the Milados remained resolute in honoring their late parents’ desire to maintain the family legacy.
The property included a modest three-bedroom house constructed in 1955, along with a sizable shed. Its unaltered interiors provided a rare insight into mid-20th-century living, standing in stark contrast to the sleek, modern homes in the vicinity.
After years of declining offers, the family opted to sell following the death of their parents. Financial strains and the emotional burden of upkeeping the property prompted them to list it for sale.
The sale generated significant interest, with 20 developers vying in an auction. Initially priced at AUD 3.6 million, the bidding escalated to over AUD 6 million, far surpassing initial expectations.
Although the sale offered financial relief, it signified the conclusion of a significant chapter for the Milado family. Real estate agent Tom Hector remarked on the emotional challenge, underscoring that it was always their parents’ intention to never sell.
The property’s advantageous location near educational institutions and shopping centers renders it highly desirable for residential development. Urban planners are now envisioning the transformation of the land into a vibrant community to address contemporary demands.
The narrative of the Milado family underscores the persistent conflict between safeguarding heritage and accommodating the unyielding urban expansion in growing suburbs.