In a world-record sale, one of Australia’s wealthiest billionaires spent out on a massive beachfront property.
Scott Farquhar, a co-founder of Atlassian, and his investment banker wife Kim Jackson recently expanded their real estate holdings by purchasing a five-bedroom house in North Avoca.
A beachfront record for the NSW Central Coast, the property was purchased for $10.85 million, more than $2 million less than its initial price range of $13 million when it originally on the market in February.
Nearly six years ago, the property last sold for $3 million.
The house was built as a modern rendition of the traditional Queenslander and captures the very spirit of beachside life, according to the property description.
It is situated on 556sqm just metres from the beach.
The well-kept gardens face the ocean and have a pool and beach shower in addition to a stone campfire and groomed grass.
According to Domain, Mr….