The Braemar Farm saga is a step closer to a happy ending with civil contractors back working on the Moruya subdivision site.
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Kim Hall, whose family has owned the historic property since 1971, said he was delighted an agreement had been reached with the National Australia Bank (NAB), allowing work to restart on the 38-lot residential subdivision.
“I am relieved and elated because it has been such a long time we have been waiting,” he said.
Mr Hall famously rode a horse into the George Street headquarters of the NAB on June 5 this year to protest the treatment he said he, his family and their cattle had received from the bank.
He said family members were not allowed on to the property to tend livestock.
A development application was lodged for the property in 2009, and was approved in 2011, but sales suffered in a depressed housing market and the bank claimed possession in July last year.
A fire sale was begun, but Mr Hall continued to hope a financial package could be negotiated.
He said he was able to reclaim the property in late August.
During that time, he doubted victory.
“For a while I doubted the meaning of humanity,” Mr Hall said.
The 48-hectare property was established in the 1860s, and is one of the Eurobodalla’s most historically significant addresses.
Mr Hall said he had seen a “fair bit of interest” from potential buyers and he hoped Moruya residents would buy in.
“The roadworks should be finished by the end of December and the subdivision complete by early February,” he said.
“We want it to benefit the local community.”