But a few weeks after they took possession of the 10-hectare property,the larger property Rivendell across town hit the market for $14 million,showcasing not only an extra seven hectares but a private patch of rainforest,orchard,swimming pool,second residence and equestrian facilities.
The couple couldn’t resist,snapping it up for about $12 million and side-stepping arduous building work given the crunch on industry supply chains and tradies.
Unlike tech industry property collector Mike Cannon-Brookes,the Petres are not kicking off a local acquisition drive.
The word is White Birch Farm is already being quietly offered to buyers by Drew Lindsay Real Estate’s Corina Nesci,who sold them into their new retreat.
Until settlement,Rivendell remains owned by Kelly Iredale,wife of another tech entrepreneur Brett Iredale,founder and former chief of global recruitment software company JobAdder.
Selling v renovating