Tech Tycoon Spends a Fortune To Live In His Dream House: A Point Piper ‘Castle’ for $130 Million

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In an incredible turn of events, a lavish four-bedroom abode in Point Piper has been snapped up for an eye-watering $130 million by a couple residing in Bellevue Hill.

With the luxurious Uig Lodge having a rich history as a Scottish baronial mansion and being purchased by tech mogul Scott Farquhar and his wife Kim Jackson (an investment banker), it all makes perfect sense that this deal was such a success.

History has been made with the sale of this home, as it has smashed all house price records throughout the nation. Steven and Carol Moss had owned this landmark residence since 1996 when they purchased it for a record-breaking $9.2 million – not including waterfront access. After more than 25 years, they sold their estate privately to its new owners.

Scott Farquhar, the co-chief executive officer and creator of Atlassian – a Nasdaq-listed software business – already holds one of Australia’s costliest properties, Elaine in Point Piper. He purchased this five years ago for a whopping $71 million!

At the start of 2020, Farquhar had intended to restore and revamp the Elaine mansion, which was in disrepair. However, he soon withdrew his proposal and has been renting Barford – a luxurious Bellevue Hill estate.

Farquhar, 43, was reportedly in talks to acquire Barford from Ian Joye until the deal fell apart due to its hefty $130 million price tag. Ultimately, Farquhar and Jackson put their money towards Point Piper instead.

“We are elated to have identified a family home that is ready for immediate occupancy,” On Friday, a spokeswoman for the couple announced that they were expecting to receive their settlement in the first half of 2023.

Much to the delight of Farquhar and Jackson’s family, the Uig Lodge is now theirs. With an indoor-outdoor pool, a six-car garage and a rooftop terrace, this property will certainly provide them with all the modern luxuries they require in this exclusive Sydney enclave.

“We look forward to living in the Point Piper neighbourhood,” Farquhar said. “The Uig Lodge is one of the most luxurious homes on offer, and it does reaffirm our commitment to Sydney’s Eastern Suburbs.”

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