18/09/2017: Lady Mary Fairfax's property 'Fairwater' in Point Piper. Pic by James Croucher
18/09/2017: Lady Mary Fairfax's property 'Fairwater' in Point Piper. Pic by James Croucher

Australia’s first $100m home sells

LESS than a month after it hit the market, Australia's most expensive home has sold.

Fairwater - the Point Piper home of the late Lady (Mary) Fairfax, who died last September - had a price guide of $100 million.

While the exact sale price hasn't been confirmed, anything in this ballpark would blitz Australia's current record - and $100m+ would mark the first nine-digit sale in Australia.

The Wentworth Courier has confirmed that Atlassian co-founder Mike Cannon-Brookes and his wife Annie are the buyers.

Mike and Annie Cannon-Brookes. Picture: Supplied
Mike and Annie Cannon-Brookes. Picture: Supplied

"We are delighted with the purchase of Fairwater for our young family and look forward to continuing the legacy of this beautiful Sydney home," Cannon-Brookes said.

"We love the idea of raising our four young children in this historic property, filling the house and gardens with love and laughter through the years."

There was no formal marketing for the home, but interested parties were led through the landmark home by Christie's International agent Ken Jacobs.

An expensive strip of Sydney.
An expensive strip of Sydney.

The sale coincides with a return visit to Sydney from the US by Cannon-Brookes.

Jacobs also sold the previous Australian record setter - the neighbouring Elaine - for $71 million last year to Cannon-Brookes business partner - Atlassian co-founder Scott Farquhar and wife Kim Jackson.

"Elaine and Fairwater are the golden girls of Sydney Harbour," Jacobs said earlier this month.

Fellow co-founder Mike Cannon-Brookes will no doubt be on Jacob's radar as a prospective buyer. He recently sold his Braelyn, Centennial Park trophy, for $16.5 million.

 

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Fairwater is the largest privately-owned harbour side landholding, spanning 11,210sqm.

"The property's appeal reflects its unquestionable position as Australia's most revered and significant home," Jacobs said.

Prior to the sale, he said: "It is remarkable that an estate offering such rare and unrepeatable features still exists in Australia today; this opportunity will not come again."

The home sold much quicker than Elaine - which took three years to sell.

The house is also in better condition than next door, and it has often been referred to as likely to fetch more than Elaine.

- with additional reporting from Jonathan Chancellor

 

 

 

 

Great location. Picture: James Croucher
Great location. Picture: James Croucher


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