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Murderer Ron Medich and his family have reaped almost $500million from the sale of a block of land next to the new Western Sydney International Airport.
Ron and Roy Medich paid just $3.5million for the 344 hectares of farmland in 1996 and the single-storey brick home that stands on it was last rented for $280 a week.
The Badgerys Creek block on Elizabeth Drive - one of the largest bordering the airport - sold for $499,950,000 to a consortium with links to a Chinese billionaire.
Sales records show the vendors were Roy Medich Properties Pty Ltd and CSPA Properties Pty Ltd, of which 73-year-old jailed killer Ron Medich is shareholder.