Three brothers will become billionaires after selling the Melbourne farm that their parents bought for £ 500 in 1935.
Edward's parents, Garry and Keith Troutbeck told them that their 25-hectare property would one day give them a fortune and, although they have taken more than eight decades to arrive, their payday has finally arrived, and that's great news.
The farm is ready to make the brothers a whopping $ 50 million, far from the £ 500, which is estimated at about $ 45,000 with today's inflation, their parents hooked up the place.
The farm in the Melbourne suburb of Mickleham, just 45 minutes from the CBD, will undergo the hammer next month with a series of real estate developers who say they are interested in the modest sheet metal board.
Speaking to 7 News, Keith Troutbeck said he knew they were sitting in a gold mine when his father mentioned: "One day, one day, you will enter a fortune" and you were warned not to sell it before they reach millions "he said.
The three elderly farmers, between 70 and 82 years old, have only known the confines of their home, having worked all their lives on the farm.
But with more than 80 years of hard work under their belts they are now ready to get away from it all and reap the benefits.
The three brothers between 70 and 82 years old have been working on the dairy farm since their parents bought it for 500 pounds ($ 45,000 today) in 1935.
The brothers will pocket around $ 15 million each, but their joke in going into sudden riches in their golden years is not lost on them.
"Forty-five years ago I played Tatts Lotto and I have never won the jackpot," said Edward.
Even with the brothers becoming billionaires, they still want to get their hands dirty, saying they will continue to cultivate somewhere more private.
The modest home on an expanding dairy farm located just 45 minutes from Melbourne CBD is expected to reach a whopping $ 50 million
Despite their difficult situation to stay firm, they are very cautious that some people are not.
Speaking to The Weekly Times Edward explained: "The women have come out and given us good advice," he said.
Be careful, all these young women will be behind you, they will marry you for 12 months and they will say & # 39; & # 39; Oh, we want our money & # 39; & # 39; We're not so stupid & # 39;
When they are sold, developers are expected to divide the land into hundreds of residential plots for the first homebuyers.
The three brothers want to continue farming despite their new wealth, but most likely move to a more isolated area