26 Baulkham Hills homeowners are joining forces in a plan that could make them millionaires.

Baulkham Hills has undergone significant growth in recent years, particularly with the construction of the Metro North-West railway . Developers have been snapping up land to build high rises, and a group of cunning Baulkham Hills neighbours are determined not to miss out on this development boom.

Rather than selling their properties individually, the homeowners have banded together and applied to rezone their combined 2-hectare site for high-density living, in a bid to lure developers.

The mega site is valued at $60 million, which would see each homeowner walk away with over $2.3 million, much more than Baulkham Hill’s median house price of $1.15 million.

In a similar scenario last year, eight Castle Hill homeowners sold their combined 7,545 square metre block for $40 million. It will be redeveloped into 200 units once the site has been rezoned.

Only two homeowners on the block have not joined in on the plan. One has lived in the home their whole life and refuses to budge. The other, an investor, is looking to sell their property sooner rather than later. Many of the homeowners fear that their two neighbours might turn off developers who may not want to go to the trouble of building around them. Another concern is that planning regulations could prevent an apartment block from being built beside the remaining houses.

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