Australia’s First $100m home sale?

Following the death of Mary Fairfax Australia’s most expensive home is on the market. “Fairwater” has been in the Fairfax media dynasty family since 1901 when Sir James Oswald Fairfax paid £5,350.

The home located in Double bay is a sprawling 2.77 acre Point Piper estate and a waterfront location on Sydney’s iconic harbour. The property is the largest privately-owned beachfront landholding on Sydney Harbour at 11,210m2.

Hopes are high of a $100m sale after the neighbouring property “Elaine” sold for $71m. “Fairwater” is a much larger land holding hence the anticipated higher sale price.