{"id":16518,"date":"2018-09-27T15:22:46","date_gmt":"2018-09-27T15:22:46","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=16518"},"modified":"2018-09-27T15:22:46","modified_gmt":"2018-09-27T15:22:46","slug":"australias-most-expensive-property-has-just-been-sold","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=16518","title":{"rendered":"Australia’s most expensive property has just been sold"},"content":{"rendered":"
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\"Watch\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

A tech billionaire and his wife are the new owners of Australia’s most expensive home.<\/h2>\n

Atlassian<\/span> (TEAM<\/a><\/span>)<\/span> 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. <\/p>\n

A spokesperson for Atlassian confirmed the purchase but declined to reveal how much was paid. Australian property website Domain<\/a> said the final price could exceed 100 million Australian dollars ($72 million), making it the priciest home ever sold in the country. <\/p>\n

“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. <\/p>\n

“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,” they added. <\/p>\n

Related: Where is the US housing market headed? 4 things you need to know<\/span><\/a> <\/p>\n

\"Fairwater
The Fairwater property in Sydney.<\/figcaption><\/figure>\n

Fairwater<\/a> is the largest piece of private property on Sydney’s harbor, according to Domain. <\/p>\n

The historic home was last occupied by Mary Fairfax, the third wife of media magnate Warwick Fairfax. Mary Fairfax died in 2017 at the age of 95. <\/p>\n

House prices in Sydney have nearly doubled over the past decade<\/a> 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. <\/p>\n

Foreign buyers, including many from China, and low interest rates have helped to fuel the dramatic price increases. <\/p>\n

\"Lady
The actor Kirk Douglas and his wife at a party given for them by Sir Warwick and Lady Fairfax at Fairwater.<\/figcaption><\/figure>\n

Cannon-Brookes founded Atlassian with Scott Farquhar, who bought a neighboring home last year for 71 million Australian dollars<\/a> ($51 million), according to Domain. <\/p>\n

The two entrepreneurs, who share the title of CEO at Atlassian, started the enterprise software firm in 2002. The company now has more than 2,500 employees<\/a> and was listed on Nasdaq in 2015. <\/p>\n

\"Mike
Mike and Annie Cannon-Brookes are the new owners of Fairwater.<\/figcaption><\/figure>\n

According to Bloomberg<\/a>, Cannon-Brookes is the world’s 261st richest person with a net worth of $6.4 billion. <\/p>\n

\u2014 Jethro Mullen contributed to this report. <\/i> <\/p>\n

CNNMoney (Dubai) <\/span> First published September 27, 2018: 8:55 AM ET<\/span> <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A tech billionaire and his wife are the new owners of Australia’s most expensive home. 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. A spokesperson for Atlassian confirmed the purchase but declined to…<\/p>\n","protected":false},"author":10,"featured_media":16519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/16518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16518"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/16518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/16519"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}