Aussie tech billionaire Mike Cannon-Brookes expands Sydney property portfolio

Aussie tech billionaire Mike Cannon-Brookes, who has a net worth of more than $37 billion, went in big on another luxury Sydney property.

Aussie tech billionaire Mike Cannon-Brookes, who has a net worth of more than $37 billion, has gone in big on another luxury Sydney property.

Cannon-Brookes, the founder of software giant Atlassian and minority owner of the Utah Jazz basketball team, has amassed a staggering portfolio in recent years.

He purchased a luxury, sprawling manor Wattle Ridge in the NSW Southern Highlands, for a cool $13 million and is believed the be the buyer of a sandstone heritage cottage on Scotland Island on Sydney’s Northern Beaches that went for $8 million.

He has a number of homes in both locations and added another in recent days, according to reports.

Nine Newspapers report Cannon-Brookes purchased another beachside home at Coaster’s Retreat at Pittwater for $4.65 million.

The three-storey, six-bedroom home is reportedly only accessible by boat. An advertisement for the property describes it as a “majestic estate” that “faces north-east and is boarded on three sides by Ku-ring-gai National Park”.

It boasts views of across Pittwater to Palm Beach, Lion Island and Currawong Beach.

The home at Coaster's Retreat was built in 1985.

Atlassian CEO Mike Cannon-Brookes. Picture: Toby Zerna

GQ magazine recently profiled the estate Cannon-Brookes purchased in the Southern Highlands for $13 million.

“The estate itself is 640 acres of natural oasis: the property has four ornamental lakes around it, with willow trees and native reeds nearby, and a footbridge to an island on one,” the authors wrote.

“The manor home itself features 12 bathrooms and a chef’s kitchen, all decorated in a stately style befitting royalty – or at least, tech royalty.

“There’s a library for when Cannon-Brookes decides to go analog, as well as myriad ways of enjoying the fresh, highland surrounds: a tennis court, a pool, and equestrian facilities abound, as well as dedicated horse riding trails which snake through the bushland and surrounding forest.”

When Cannon-Brookes is not buying homes, he is indulging in his other love – sports.

Mike Cannon-Brookes purchased the Southen Highlands manor for $13 million last year.

A pool house and swimming pool at the home on Scotland Island believed to have been purchased by Cannon-Brookes.

Cannon-Brookes last year joined Russell Crowe and James Packer as co-owners of the South Sydney Rabbitohs when he purchased a 25 per cent stake in the club.

He became the first Australian to become a minority owner of an NBA franchise after the Jazz were sold for $1.66 billion in 2020.

More recently, Cannon-Brookes made headlines when he hit out at the Morrison Government’s Net Zero commitment, calling it “just more bullsh*t”.

The Atlassian co-founder took to Twitter to slam Scott Morrison for not having a detailed plan on how Australia would reach Net Zero Emissions by 2050.

“UK 2050 plan? 21 docs. 1868 pages. Heat & building strategy. Heat pump grants. EV incentives. End gas boilers by 2035, ICE sales by 2030! Treasury reviewed. CCC approved. Pathways for every sector to 2037. Legally binding. 5 year targets. Aus? No plan. Just more bullsh*t,” he tweeted.

Mr Cannon-Brookes later fired off another late-night tweet saying the Morrison plan was “not worth the paper I didn’t print it on”.