32 people become instant millionaires

• The value of good neighbours has never been so high.

These Sydney apartment owners have just become instant “millionaires” by banding together to take advantage of the city’s sizzling property market.

The 32 owners of the 32 one-bedroom beachfront apartments, across four freestanding blocks in Cronulla, have potentially made themselves a cool A$1.7 million (NZ$1.8m) each, give or take, from banding together and selling off their properties in one package to a developer, for a total sale price of A$54m.

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Owners of these apartments banded together to make some serious cash.