Atlassian co-founder on $200m property buying spree

Having become a startling disrupter in the computer world, Atlassian co-founder Mike Cannon-Brookes has diverted his attention to the property market and is acquiring a portfolio running into nearly $200m.

The crown jewel in his list of acquisition is the $100m Fairwater mansion in Point Piper which he bought last year. It’s the most expensive residential property in Australia.

Cannon-Brookes’ latest purchase is Widgee Warr, a 155-hectare premier farm in the NSW southern highlands for an estimated $15m.

He and his fashion-designer wife Annie are expected to build a large house on the property.

Cannon-Brookes has been on a property-accumulating campaign in the past 18 months spending lavishly on suburban and rural properties houses in NSW. The outlay reflects Cannon-Brookes’ status as the sixth richest person in Australia, according to the Australian Financial Review’s annual list.

The list says Cannon-Brookes is worth $9.63b from his association with Atlassian, a start-up company he started with university colleague Scott Farquhar in 2002.

It was floated on the US Nasdaq in 2015 and is now valued at $33b making Cannon Brooks and Farquhar Australia’s first tech billionaires.

According to the Sydney Morning Herald, Cannon Brookes’ real estate portfolio includes:

Fairwater (Point Piper) $100m
House (Point Piper) $12m
House (Double Bay) $17m
Rosehill Farm (Kangaloon) $5.35m
Braelin (Centennial Park) (bought for $12m sold for $16.5)
House (Palm Beach) $8.7m Widgee War (southern highlands) $14.5m