Three years after Atlassian's co-chief executive Scott Farquhar bought Point Piper's Elaine for $71 million, he has finally made an official bid to save it from subdivision and reinstate it as a single family estate | Domaincomau
he said he “couldn’t let this beautiful piece of Australian history be turned into a development site”., accepting Farquhar’s $71 million offer despite revelations since that it was $2.5 million less than what was offered by a developer at the time.
The Elaine estate is a neighbour to the beachfront estate Fairwater in the foreground. Photo: Mark Merton “It is the site and the gardens where the real heritage value lies and if there’s one thing that the council should be urgently assisting with, it is keeping this open space.”
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