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A Tarneit family who held onto their enormous farm, while neighbouring blocks were in recent years acquired by some of the country’s biggest property players, are this week celebrating a circa $80 million payday.

The 60 hectare parcel at 1135 Leakes Road, about 25 kilometres west of the Melbourne CBD, is covered within the local council’s Riverdale Precinct Structure Plan (PSP), which aims to replace rural blocks with low-density housing.

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