Bob Hawke was prime minister, the Gulf war began, and a 42,000-strong Sydney Football Stadium crowd watched the Panthers take out their first premiership after trying since 1967. But 1991 was also the year that Barney Allam launched the Allam Property Group in the heart of Penrith, and 25 years later the business is still going strong.
On Thursday, May 11, Allam Property Group fittingly marked a quarter of a century in business at Peppers Stadium, the home of the Panthers. Barney Allam and the wider Allam business have been a part of Penrith since 1972, and today Allam are major sponsors of the Panthers.
Since 1991 Allam has completed 5,000 homes across Sydney, generating a massive amount of employment and sales revenue of $2 billion. Barney Allam said Allam were selling house and land packages back in ‘91, with a three-bedroom home and garage on 500sqm selling for $115,000.
Today, Allam has estates in Sydney’s most popular growth regions, with also estates planned for the South Coast and Hunter.