Fairwater, Australia’s first $100 million house sale was bought mortgage-free

PHOTO: The 1.12 hectare estate Fairwater bought for $100 million unencumbered.

Australia’s first nine-digit house sale has settled with records showing the most expensive house purchase is unencumbered.

The lack of finance required to buy Fairwater, the $100 million Point Piper property, will surprise few familiar with the buyer – software giant Atlassian’s co-founder, Mike Cannon-Brookes – given he has no mortgages on his three houses in nearby Double Bay and is ranked among the richest Australians.

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