Scott Farquhar (Co-founder Atlassian) has sold his Point Piper mansion Elaine for exactly $130m.
Tech billionaire Scott Farquhar has sold his Point Piper beachfront mansion for exactly $130m, sources have confirmed exclusively to News Corp.
He’d broken the national house price record when he bought the crumbling home for $71m in 2017 from JB Fairfax.
Rumours of another $100m+ sale were circulating in Sydney on Friday morning, with early speculation that it was the Point Piper waterfront known as the Bang and Olufsen house.
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Elaine, 550 New South Head Road, Point Piper Picture: Supplied.
Just a couple of the rooms were styled for the earlier sale, including this one.
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This was later ruled out, with top agents advising that home was worth much more than that figure.
Then attention turned to Elaine, and it’s known that buyers had been shown through recently.
This latest deal matches the current $130m national house price record, also set by Farquahar, the Atlassian co-founder, for another Point Piper home, UIG Lodge, in November, 2022.
The agents behind this latest deal were Ken Jacobs of Forbes Global Properties and Brad Pillinger of Pillinger.
When contacted this morning, both had no comment.
Farquahar had lodged $37m plans to renovate Elaine, but key elements were opposed by neighbours and he looked elsewhere.
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This was the other supplied interior picture back in 2016. Picture: realestate.com.au
This journalist went on a tour of Elaine in 2016 when it was on the market.
Jacobs had warned me at the time: “It’s not much inside … the interiors aren’t what it’s about.”
We weren’t allowed to take photos and the supplied pictures were only of parts of the home that has been refurbished. Most of the house was derelict.
The interiors and clunky add-ons aside, the north-facing 6986sq m waterfront property — with its ivy-lined path leading down past huge Norfolk Island pines to a gate to Seven Shillings Beach — is magnificent.
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Farquhar bought Uig Lodge for $130m in 2022.
A rare pic of the interior of Uig Lodge.
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It’s only 10 days since another Point Piper waterfront was listed with $100m hopes.
The Little Learning childcare chain founder Alexandra Jakob put her three-level five-bedroom, five-bathroom trophy home in Wolseley Rd for sale via Monika Tu and Jad Khattar of BlackDiamondz.
Mike Cannon-Brookes (left) and fellow founder of Atlassian, Scott Farquhar.
Only two houses have sold for $100m in Australia and they’re both in Point Piper, the Fairwater estate for exactly that in 2018 and UIG Lodge for $130m in 2022.
Melbourne’s wealthy Myer family have also put their Toorak mansion up for sale with predictions it could fetch $100m.
Aussie John Symond wants more than $200m for his Point Piper waterfront Windigal.
Another Point Piper home, Rockleigh, had $100m hopes when listed in March but sold for between $80m and $85m in May.
Although two houses have now sold for exactly $130m, the most expensive residential deal in Australia was $140m in 2019 for an amalgamated penthouse and sub-penthouse at the Lendlease project One Sydney Harbour that sold off-the plan.
As in this latest sale, the purchaser isn’t known as it’s yet to settle.
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John Symond is selling his Point Piper home for $200m+
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