Saturday 13 August 2022 04:16 AM Atlassian co-founder Scott Farquhar snaps up North Avoca beach home for record ... trends now
One of Australia's richest billionaires has splashed out on a sprawling beachside mansion in a record-breaking sale.
Atlassian co-founder Scott Farquhar and investment banker wife Kim Jackson recently added a five bedroom North Avoca home to their property portfolio.
Snapped up for $10.85million, the sale is a beachfront record for the NSW Central Coast, more than $2million under the property's original price guide of $13million when it first entered the market in February.
The property last sold for $3m almost six years ago.
Sitting on 556sqm just metres from the beach, the home was created as a contemporary interpretation of the classic Queenslander and captures the very essence of beachfront living, according to the property description.
Atlassian co-founder Scott Farquhar (right) and investment banker wife Kim Jackson (left) have made a recent addition to their property portfolio on the NSW central coast
The North Avoca beachfront home was snapped up for $10.85million, a new record for the area
The manicured lawns, complete with a stone firepit, overlook the ocean and also include a pool and beach shower.
Mr Farquhar's latest purchase coincidentally has the same number of bedrooms and is the exact land size as one of his first property purchases as a 30-year-old for $3.57million back in 2010, Domain reported.
The tech billionaire and his wife are also the owners of a mansion known as Elaine at Point Piper in Sydney's east.
The couple bought it for $71million in April 2017 - the third highest price ever paid for a house in Sydney.
In 2020, Mr Farquhar revealed plans to
