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Lachlan Murdoch reportedly bought $37million Point Piper boatshed

Lachlan Murdoch is rumoured to have spent a whopping $37million on a boatshed in one of Sydney’s most exclusive suburbs as he plans to return to the US with his family

  • Boatshed with no house at Point Piper sold for a record $37million last month
  • There are reports the property was purchased by media mogul Lachlan Murdoch
  • The son of Rupert Murdoch will reportedly return to Los Angeles in September

The mystery new owner of a $37million boatshed in Sydney’s exclusive Point Piper is rumoured to be none other than media mogul Lachlan Murdoch.

The Fox Corp chief executive, his wife Sarah and their three children moved to Sydney in March, joining a host of high profile individuals who opted to ride out the coronavirus pandemic in relatively unaffected Australia.

He is expected to return home to Los Angeles in September. 

During his brief sojourn, Sydney Morning Herald reports he snapped up a prime piece of real estate in the ritzy eastern suburbs. 

The two-storey boatshed is a stone’s throw from former prime minister Malcolm Turnbull’s home and was once the private playground of the wealthy O’Neil family.

It was sold on to Paul Scharrer, Scotts Honda Motors former owner and a local property investor, in 2017 before it sold again last month for the eyewatering price of $37million.  

The Wunulla Road property on Sydney Harbour is certainly Australia’s most expensive boatshed.

Sydney’s property boom has reached ridiculous levels with a boatshed lacking a house selling for a record $37million

The Wunulla Road property on Sydney Harbour has a pool - and is certainly Australia's priciest-ever boatshed

The Wunulla Road property on Sydney Harbour has a pool – and is certainly Australia’s priciest-ever boatshed

The sale set a record for Sydney this year, but up until this point there were no indications of who the buyer was.

A caveat placed on the title after the sale – which occurred just three weeks after it was listed – confirmed a mystery buyer purchased the home through McCullough Robertson legal firm.

The 2,000sqm property has access to one of the largest private marina berths on Sydney Harbour. 

There is accommodation on the top level of the boat shed, and Woollahra Council recently approved for it to be turned into a home. 

A source told the publication Murdoch’s new reported acquisition is the worst kept local secret.

‘Everyone at Point Piper Yacht Club is talking about it,’ the source reportedly revealed. 

The Fox Corp chief executive, his wife Sarah and their three children moved to Sydney in March, joining a host of high profile people who opted to ride out the coronavirus pandemic in relatively unaffected Australia

The Fox Corp chief executive, his wife Sarah and their three children moved to Sydney in March, joining a host of high profile people who opted to ride out the coronavirus pandemic in relatively unaffected Australia

Lachlan, the son of media mogul Rupert Murdoch, left Los Angeles for Australia amid claims that Joe Biden’s election made things ‘rough’ for his family, given Fox Corp’s reputation as catering to the GOP.

Things ‘got pretty rough’ for their children Kalan Alexander, 16, Aidan Patrick, 14, and daughter Aerin Elisabeth, 10, at school in their final weeks in Los Angeles, SMH reported at the time. 

Spokesman John Connolly said Murdoch, who is also Fox’s executive chairman, would return to Los Angeles in early September to reopen the company’s operational head office there ‘and will go back to working and living in the U.S.’

Fox last month told its 9,000 staff to return to their U.S. offices from September 7, after working at from home for several months.

It is not clear what plans he has for the expensive boatshed.    

The two-storey boat shed is a stones throw from former prime minister Malcolm Turnbull's home and was once the private playground of the wealthy O'Neil family. Pictured: An aerial image of waterfront properties in Point Piper

The two-storey boat shed is a stones throw from former prime minister Malcolm Turnbull’s home and was once the private playground of the wealthy O’Neil family. Pictured: An aerial image of waterfront properties in Point Piper

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