Airport land sale: lightning does strike twice for billionaire Perich family | michaelkoziol
For the average landholder whose property is forcibly acquired by the government, a good outcome might be a reasonable payout and a stress-free relocation - with a bit of Darryl Kerrigan-esque grumbling thrown in along the way.
Tony Perich, right, and his son Mark Perich at their dairy farm at Bringelly next to the site of the forthcoming airport.In December 1999, Perich brothers Tony and Ron negotiated payment of $21.5 million, or $565,000 a hectare, for 38 hectares of their land, after an expensive seven-year court battle. Just two years earlier, the Commonwealth had sold a 344 hectare farm a few kilometres up the road for $3.5 million, or $10,000 a hectare, to a company owned by developers Ron and Roy Medich.
In 2004, Perich entered a joint venture with the NSW government's land and property development outfit Landcom to transform his land at Oran Park into an 1100-hectare housing estate. Today the population of Oran Park Town is about 12,000 and growing fast, notionally becoming the centre of Sydney's south west growth area.
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