Atlassian billionaire Scott Farquhar has bought a four-bedroom ‘Scottish castle’ for $130 million, setting a new house price record.
Mr Farquhar and his wife Kim Jackson, an investment banker, have acquired the property known as Uig Lodge in Point Piper, Sydney’s east.
The sale price broke the previous record set by Atlassian co-founder Mike Cannon-Brookes after he bought Fairwater for $100 million in 2018.
The house adds to Mr Farquhar’s portfolio, which includes one of the most expensive properties in the country, ‘Elaine’, which he bought in the same suburb in 2017 for $71 million.
Atlassian billionaire Scott Farquhar has bought a four-bedroom ‘Scottish castle’ for $130 million, setting a new house price record
Uig Lodge covers 3,300 square feet and is situated on a high vantage point that offers some of the best views of Sydney Harbour.
It is one of the most renowned properties in the city and its design is inspired by a Scottish nobleman’s castle.
The property was sold to medic Alexander Rutherford and his wife Marcia for £5,650 in 1916 before being handed over to newspaper magnate Ezra Norton in 1961.
Norton then sold it to Consul General of Estonia Aldur Kaljo for $500,000 in 1976 and it became infamous for the wild parties hosted by him.
The property later fell into the hands of owners Steven and Carol Moss who bought it in 1996 for $9.2 million.
A spokeswoman for Mr Farquhar and his partner said the couple were ‘thrilled to have found a family home ready to move into’. The Sydney Morning Herald reported.
The couple recently added a five-bedroom home in North Avoca, on the NSW Central Coast, to their property portfolio.
Mr Farquhar and his wife Kim Jackson, an investment banker, have acquired the property known as Uig Lodge in Point Piper
Picked up for $10.85 million, the sale was a beach record for the region, over $2 million under ownership original $13 million price list when it first hit the market in February.
The property last sold nearly six years ago for $3 million.
Situated on 556 sq ft just meters from the beach, the house has been created as a contemporary interpretation of the classic Queenslander and captures the essence of beachside living, according to the property’s description.
The manicured lawns, complete with a stone fire pit, overlook the ocean and also include a pool and beach shower.
