Villa Fairwater (©Google Maps)
Australian billionaire Mike Cannon-Brookes has just bought “Fairwater” for A $ 100 million. This villa is located in Point Piper, on Sydney Bay.
(BFM Immo) – New record in the Australian real estate market. Australian billionaire Mike Cannon-Brookes has bought a property on the Sydney waterfront for almost A $ 100 million (€ 61 million), local press reports, eclipsing the previous real estate record in Australia set his partner Scott Farquhar. Mike Cannon-Brookes and Scott Farquhar are the two co-founders and co-CEOs of Atlassian, a software company.
“Fairwater”, the villa Mike Cannon-Brookes has just purchased, is located in the upscale Point Piper area of Sydney Bay on 1.12 hectares of land. It was previously owned by Mary Fairfax (1922-2017), whose family once controlled a media empire including the Sydney Morning Herald. “We are thrilled with the purchase of Fairwater for our young family and look forward to continuing to write the story of this beautiful Sydney home,” the 38-year-old billionaire told the Domain website.
Place of great celebrations
The villa was built in 1881 and remained for a century in the Fairfax family. It is known for having been the site of great festivals which for several decades welcomed crowned heads, celebrities and political figures. Domain reports that the purchase price of Fairwater, which has gardens and a tennis court, is around A $ 100 million.
This sale therefore largely broke the previous record for an Australian property. This dated back to 2017, when Scott Farquhar bought “Elaine” for around A $ 75 million, a villa built in 1863, which had also belonged to the Fairfax family for over a century. Business partners Mike Cannon-Brookes and Scott Farquhar will also be neighbors, as “Elaine” is a stone’s throw from “Fairwater”.
Founded in 2002, Atlassian made a remarkable entry at the end of 2015 on the New York Stock Exchange by raising $ 462 million.