Sydney mansion sold for record A$100m

Sydney

AUSTRALIAN technology billionaire Mike Cannon-Brookes and his fashion designer wife Annie have bought a brick and gable-roof mansion in Sydney's opulent eastern suburbs for a reported A$100 million (S$98.6 million), setting a record.

The Atlassian Corp co-founder confirmed the purchase of the residence, named Fairwater, to Reuters in a statement on Thursday, without giving pricing details. The selling agent declined to comment.

Media valued the deal at about A$100 million, which would make the residence the country's highest-priced.

The 1800s-era harbourside home is beside a A$70-million-plus home owned by Atlassian co-founder Scott Farquhar.

The 38-year-old business partners are worth US$6.4 billion each, says Forbes magazine, the wealth built through their Nasdaq-listed software company best known for its issues tracking and collaboration applications used by software teams, including those at Nasa.

" "In 2009, Chris Ellison, managing director of mining services company Mineral Resources, paid A$57.5 million for a riverside mansion in Perth, making it the country's most expensive home at that time.

In 2015, Sydney took the record for home with the highest price tag, after Australian-Chinese billionaire businessman Chau Chak Wing paid about A$70 million for the home of billionaire casino magnate James Packer. REUTERS