The Australian tech billionaire is rumored to have bought an $ 8 million home on a remote island in Sydney

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Rumor has it that a high-profile Australian tech billionaire has bought a stunning $ 8 million home on Sydney’s northern beaches.

Mike Cannon-Brookes, 41, the co-CEO and co-founder of Atlassian, has reportedly bought the property on Scotland Island, which is only accessible by boat.

Called ‘Bangalla’, the estate was first built in the early 1800s and developed by global financial expert Alistair Jeffery.

The recent sale of Bangalla has also set a new price record for real estate in Scotland Island.

Mike Cannon-Brookes, 41, the co-CEO and co-founder of Atlassian, has reportedly bought the property on Scotland Island, which can only be reached by boat, for a cool $ 8 million

The luxury property, on Sydney's Northern Beaches, features rich hardwood floors, French windows and an adjoining guest cottage

The luxury property, on Sydney’s Northern Beaches, features rich hardwood floors, French windows and an adjoining guest cottage

Other notable features of the property in Sydney's affluent Pittwater region include a striking sandstone fireplace (pictured above), multiple bathrooms and air conditioning.

Other notable features of the property in Sydney’s affluent Pittwater region include a striking sandstone fireplace (pictured above), multiple bathrooms and air conditioning.

The previous record was in 2013 when the ‘Yamba’ waterfront estate was sold for $ 7 million to Singapore’s richest man Philip Ng, according to realestate.com.au.

The alleged new dig at Cannon-Brooks also has a private beach overlooking the Pittwater region, with two jetties.

If necessary, the house has space for a yacht berth and access to a boathouse.

The property itself has beamed ceilings, a striking sandstone fireplace, rich hardwood floors and a beautiful heated wet-edged pool.

Other notable features include a six-person sauna, multiple bathrooms and air conditioning.

Bangalla also features an adjoining guest cottage, decked out with a striking teak interior, kitchenette and veranda.

Real estate on Sydney’s affluent northern beaches clearly appeals to Cannon-Brookes.

Last June, he bought a mansion previously owned by supermodel Jennifer Hawkins for $ 24.5 million in neighboring Newport.

Also in 2020, the married father of four bought a minority stake in Utah Jazz on the NBA side.

Cannon-Brookes played high school basketball at the prestigious Cranbrook School in eastern Sydney and at one point wanted to play the sport professionally.

The property (pictured above) has its own private beach and space to dock a luxury yacht if required

The property (pictured above) has its own private beach and space to dock a luxury yacht if required

The Church Point property also features an attached cottage and a beautiful heated, tiled wet-edged pool (pictured above)

The Church Point property also features an attached cottage and a beautiful heated, tiled wet-edged pool (pictured above)

Atlassian co-founder and CO CEO Mike Cannon-Brookes made his fortune after founding the global software company with close partner Scott Farquhar in 2001

Atlassian co-founder and CO CEO Mike Cannon-Brookes made his fortune after founding the global software company with close partner Scott Farquhar in 2001

In recent years, he and his wife Annie purchased the $ 100 million property in Point Piper called Fairwater in September 2018, which was previously owned by Lady Mary Fairfax.

He made his fortune after he founded the software company Atlassian in 2001 with his good friend Scott Farquhar.

The company’s flagship product, Jira, a project management and bug tracking software suite, became the gold standard and used by NASA and eBay, among others.

They now have nine offices in six countries: Amsterdam, Austin, New York, San Francisco and Mountain View, California, Manila, Yokohama, Bangalore and Sydney.