Tech billionaire James Ferguson, 34, buys Clovelly mansion

Add as a preferred source on Google12 Victory St, Coogee sold for $14m at the October 27 auction. Tech billionaire James Ferguson has bought a beachside trophy home for $1m less than the $15m price guide at an auction where he was the only active bidder. The 34-year-old, who alongside his younger brother, Robbie, 29, co-founded crypto business Immutable, pounced on the five-bedroom home in Victory St Clovelly, with panoramic ocean views for $14m on October 27. That’s just $500k more than the vendor, Anthony Goodridge, grandson of late millionaire property developer Isador Magid and his wife, Daniella, had paid for the property five years earlier. Ferguson had buyer’s agent Leon Jacques of Aurum Advisory acting for him, who had no comment about the identity of his client, saying only “it’s a fabulous home, my personal dream home, in a rock star position”. Other sources revealed the actual buyer. MORE: Jamie Durie slashes mansion price by $15m James and Robbie Ferguson. The guide for the trophy home had been $15m. It’s understood there was only two registered parties for the luxury home, though just Jacques, acting for Ferguson, was active. The deal was more a negotiation than an auc...