The co-founder of software giant Atlassian and his investment banker wife have set a record for Avoca Beach with their purchase of the five-bedroom home.
, are known for having a somewhat low-key approach to their discretionary property purchases – at least among Australia’s billionaire class.
Records show the co-chief executive and co-founder of software giant Atlassian has set a record for Avoca Beach of $10.85 million, which in billionaire terms could be seen as a bargain, given it was discounted from an original guide of $13 million in February. Faring less well in the Central Coast market, of late, are the receivers for alleged fraudster Bill Papas. They recently sold the Forum Finance director’s second luxury holiday home at nearby Wagstaffe.No doubt inspired by the bullish $16.2 million sale of Papas’ weekender next door at the peak of the market in February, the holiday home was given a guide of $10 million by Belle Property’s Cathy Baker.But four months is a long time in a turning market and the June sale has settled at $8.
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