Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. And while the exact amount has not been disclosed, according to media reports, Mr Cannon-Brookes bagged the property for a bargain-basement price of “close to $100 million”. That property fetched a cool $71 million — and was bought by none other than fellow Atlassian co-founder Scott Farquhar and wife Kim Jackson last year.
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Atlassian founder Mike Cannon-Brookes made headlines when he purchased Australia’s most expensive property for $100 million back in 2018, but now the billionaire is looking to greener pastures, snapping up a home in Newport, Sydney. It had been owned by the Fairfax family for more than a century. Picture: James CroucherSource:News Corp Australia. To join the conversation, please Log in. Picture: James CroucherSource:News Corp Australia.
What does a million dollars buy in Aussie capital cities? Fairwater hit the market earlier this month, following the death of Lady Mary Fairfax last September. The company now has more than 2,500 employees and was listed on Nasdaq in 2015. Fairwater is the largest piece of private property on Sydney's harbor, according to Domain. Atlassian When founders agree to sell their companies to larger entities, the … The sale is all the more fascinating as it beats the previous record-setting home by tens of millions.
"We are delighted with the purchase of Fairwater for our young family and look forward to continuing the legacy of this beautiful Sydney home," the couple said in a statement. It’s good timing for the Cannon-Brookes family, who recently sold their previous home near Centennial Park for $16.5 million. House prices in Sydney have nearly doubled over the past decade from an average of 465,030 Australian dollars ($336,000) in March 2008 to 878,325 Australian dollars ($634,630) in March 2018, according to CoreLogic. Aerial map showing Fairwater, the home of the late Lady Mary Fairfax.Source:Supplied. Join the conversation, you are commenting as, news.com.au — Australia’s leading news site. While it comes with an eye-watering price tag, Fairwater boasts 1.121ha of harbourfront land, making it the largest private holding on the harbour — and 4100sq m larger than Elaine.
4 things you need to know. That record had been held by “Elaine” — the mansion right next door to Fairwater in Point Piper, which was previously owned by another Fairfax family member, John B Fairfax. A Warner Media Company. The historic home was last occupied by Mary Fairfax, the third wife of media magnate Warwick Fairfax. According to Bloomberg, Cannon-Brookes is the world's 261st richest person with a net worth of $6.4 billion. Atlassian co-founder Mike Cannon-Brookes buys Point Piper estate Fairwater for close to $100 million Lucy Macken Prestige Property Reporter Updated Sep 27, 2018 – 12.41pm , … Atlassian (TEAM) co-founder Mike Cannon-Brookes and his wife Annie have purchased Fairwater, a sprawling waterfront estate in Sydney that was owned by the Fairfax publishing family for over a century. Having become a startling disrupter in the computer world, Atlassian co-founder Mike Cannon-Brookes has diverted his attention to the property market and is acquiring a portfolio running into nearly $200m.
— Jethro Mullen contributed to this report.
Sign up, Join the conversation, you are commenting as Logout. Money and Responsibility. Cannon-Brookes founded Atlassian with Scott Farquhar, who bought a neighboring home last year for 71 million Australian dollars ($51 million), according to Domain.
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