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Tech billionaire's $100m home buy from old media family

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Is there a better sign of the times? Australia's two richest tech entrepreneurs are now next-door neighbours and owners of the country's two most expensive houses, after a record-breaking sale by the family of the once-dominant traditional media empire Fairfax for almost $100 million.

Atlassian co-founder Mike Cannon-Brookes, 38, and his fashion design wife Annie bought the Fairwater estate of Lady Mary Fairfax in Sydney's exclusive harbour-front enclave of Point Piper after it was on the market for less than three weeks.

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Ingrid Fuary-Wagner is the AFR's explainer editor, based in Sydney. She previously wrote about property and before that was news editor at Domain. Connect with Ingrid on Twitter. Email Ingrid at ingrid.fuary-wagner@afr.com
Matthew Cranston is the United States correspondent, based in Washington. He was previously the Economics correspondent and Property editor. Connect with Matthew on Twitter. Email Matthew at mcranston@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-h15ych