Mike Cannon-Brookes, the co-founder of Atlassian, spends $8.7 million in soft Palm Beach trophy home market

Mike Cannon-Brookes, the co-founder of Atlassian, spends $8.7 million in soft Palm Beach trophy home market
Jonathan ChancellorJuly 4, 2013

Mike Cannon-Brookes,  the co-founder and CEO of Atlassian Software Systems, has spent $8.7 million to buy on Pittwater at Palm Beach.

The Barrenjoey Road property last traded at $10 million in April 2010 when bought by retired Sydney-to-Hobart veteran skipper Neville Crichton.

It had been the $10 million home of the retired grocer John David and his wife, Patti who had the Walter Barda-designed house built on the shores of Snapperman Beach after the 1094 sq m block was bought for $975,000 in 1993.

Mike Cannon-Brookes' plans are not known, but it sits on the LJ Hooker Palm Beach leasing website as a $30,000 a week rental.

Just a few doors away on Snapperman Beach property developer Denis O'Neil has sold his Walter Barda-designed house with an Iluka Road address.

The gorgeous seven bedroom house had revised $7 million plus sale hopes.

But his adjoining caretaker's cottage, apartment and garage on 590 square metres remains listed through LJ Hooker.

Its being marketed as undercapitalised, but possibly not by much given its asking price is $4.5 million plus.

It was last October when the trophy listing hit the market and O'Neil, another keen yachtsman, offered the 1112 square metre holding with $14 million plus hopes for the pair.

That was $8 million plus for the large residence and more than $6 million for the adjacent block.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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