Atlassian founder Mike Cannon-Brookes just bought Fairwater, Australia’s most expensive home

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A tech billionaire and his spouse are the brand new homeowners of Australia’s costliest house.

Atlassian (TEAM) co-founder Mike Cannon-Brookes and his spouse Annie have bought Fairwater, a sprawling waterfront property in Sydney that was owned by the Fairfax publishing household for over a century.

A spokesperson for Atlassian confirmed the acquisition however declined to disclose how a lot was paid. Australian property web site Area mentioned the ultimate worth might exceed 100 million Australian ($72 million), making it the priciest house ever offered within the nation.

“We’re delighted with the acquisition of Fairwater for our younger household and stay up for persevering with the legacy of this lovely Sydney house,” the couple mentioned in an announcement.

“We love the concept of elevating our 4 younger youngsters on this historic property, filling the home and gardens with love and laughter by the years,” they added.

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Fairwater property Australia
The Fairwater property in Sydney.

Fairwater is the most important piece of personal property on Sydney’s harbor, in accordance with Area.

The historic house was final occupied by Mary Fairfax, the third spouse of media magnate Warwick Fairfax. Mary Fairfax died in 2017 on the age of 95.

Home costs in Sydney have almost doubled over the previous decade from a mean of 465,030 Australian ($336,000) in March 2008 to 878,325 Australian ($634,630) in March 2018, in accordance with CoreLogic.

International patrons, together with many from China, and low rates of interest have helped to gas the dramatic worth will increase.

Lady Fairfax Fairwater Australia FILE RESTRICTED
The actor Kirk Douglas and his spouse at a celebration given for them by Sir Warwick and Girl Fairfax at Fairwater.

Cannon-Brookes based Atlassian with Scott Farquhar, who purchased a neighboring house final yr for 71 million Australian ($51 million), in accordance with Area.

The 2 entrepreneurs, who share the title of CEO at Atlassian, began the enterprise software program agency in 2002. The corporate now has greater than 2,500 staff and was listed on Nasdaq in 2015.

Mike and Annie Cannon-Brookes
Mike and Annie Cannon-Brookes are the brand new homeowners of Fairwater.

In keeping with Bloomberg, Cannon-Brookes is the world’s 261st richest particular person with a internet value of $6.four billion.

— Jethro Mullen contributed to this report.

CNNMoney (Dubai) First revealed September 27, 2018: eight:55 AM ET

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