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Hannah Wootton

Fred Schebesta told to stop the parties at Coogee mansion

Randwick City Council may be trying to slow down the eastern suburbs crypto king, but locals are sceptical he will care.

Finder founder Fred Schebesta set a (since broken) suburb record when he picked up his South Coogee clifftop mansion for $16.8 million in 2021. But it turns out being one of Randwick City Council’s larger residential ratepayers doesn’t mean favourable treatment from the powers that be.

As this column reported this week, Schebesta has been using his “Crypto Castle” to host all manner of commercial events, from weddings to photo shoots to raging parties with DJs and circus performers.

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is a Rear Window columnist, based in Melbourne. Connect with Hannah on Twitter. Email Hannah at hannah.wootton@afr.com

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    Original URL: https://www.afr.com/rear-window/fred-schebesta-told-to-stop-the-parties-at-coogee-mansion-20251204-p5nkts