The billionaire co-founder of software giant Atlassian, Scott Farquhar, has revealed radical plans to replace the fusty old Fairfax mansion he bought for $71m in 2017 with a new $37m designer residence. Looking for smart ways to get more from life?

According to the contest page, you'll want to get creative with your video entry.

"The exciting thing for us is everyone has a different solution they need for their home," Jonathan said.

"There's a difference between just having the windows and the doors and the flooring and a collection of studs and stuff you have to have," Jonathan said. Who knows?"

Drew and Jonathan Scott, known for their show "Property Brothers," are partnering with the home-security company ADT to give away a $250,000 home renovation. "This is the kind of thing that will transform your lives," Drew said. NOW WATCH: The Property Brothers reveal 4 essential keys for hiring the right contractor. Despite their busy schedules, the brothers are teaming up for a new project with ADT, the home-security company, that will bring their decor skills from the screen to your own home. Drew also pointed out that the $250,000 budget gives families a lot of opportunities to create change in their homes. "That's a house. The Scott House: A $7 million renovation is now complete on ‘one of Richmond’s supreme examples of Edwardian architecture’ Doug Childers/Homes Correspondent Sep 12, 2020

Drew and Jonathan Scott, known for their show "Property Brothers," are partnering with the home-security company ADT to give away a $250,000 home renovation.

"If you think about it, when you watch 'Property Brothers' and Jonathan and I are renovating for people and designing these spaces, we don't typically work with a budget of $250,000," he said. Jonathan and Drew Scott are known for their work on "Property Brothers," on which Drew is a realtor and Jonathan is a contractor. ADT.

You can find out more about the sweepstakes here. An artist’s impression of the new ‘Elaine’, to be the Point Piper home of Atlassian co-founder Scott Farquhar and his wife, Kim Jackson.

The Scotts told Insider that they will be working with the winners of the contest on the renovation. Farquhar often carries the epithet of accidental billionaire after he and his business partner Mike Cannon-Brookes founded Atlassian with the aim to replicate the A$48,000 graduate starting salary typical at corporations without having to work for someone else. Visit Insider's homepage for more stories, Interior designers reveal the 6 home-makeover shows you should watch and the 3 you can skip, The Property Brothers reveal 4 essential keys for hiring the right contractor, The internet is shocked to learn that there's a third Property Brother — here's everything we know about him, HGTV features open floor plans on shows like 'Property Brothers' and 'Fixer Upper' because male viewers 'like to watch sledgehammers'.

Scott Farquhar, 37, has come a long way in the property market since 2006 when he bought his first home, a two-bedder in Pyrmont for $1.41 million, where he still lives.

That's a home, and so I don't think you can have that sense of safety unless you create a place that's protected, too. When tech billionaire Scott Farquhar bought the Elaine estate in Point Piper in 2017 for $71 million, he said he “couldn’t let this beautiful piece of Australian history be turned into a development site”.

The Scott brothers told Insider that they wanted to be part of the contest because they think safety plays an important role in feeling at home.

"We don't typically work with a budget of $250,000," Drew Scott told Insider. Subscriber Subscribe to our daily newsletter to get more of it. Scott Farquhar is one of Australia’s richest people — but he’s revealed how things could have been very different but for a letter getting lost in the post.

The "Pass the Protection" contest was announced during the Super Bowl on Sunday, after a series of promo videos featuring the Scotts encouraging people to watch the game had been released. Together, they create dream homes for people all over the country.

The winner of the contest will get to design the renovation with the Scott brothers, and they'll receive a free ADT smart-home security system. ", The brothers will design the renovation with the winners. Like what you see here? Hollie Adams/The Australian Atlassian billionaire Scott Farquhar has quietly pulled the $37 million renovation plans he’d unveiled with fanfare earlier this year for … he joked. "There's so much that people can do, no matter what's important to that family," Drew added, referring to the large budget.

The contest is accepting entries from now through March 16, 2020, and the Scotts told Insider that the more submissions they get, the better. "This is the kind of thing that will transform your lives. The contest is accepting entries through March 2020.

Scott Farquhar (born December 1979) is an Australian billionaire, the co-founder and co-CEO of the software company Atlassian.

The contest was announced during the Super Bowl. since. You’d think spending $71 million on a house on Sydney’s harbour would get you a ‘move-in do nothing’ home but that doesn't seem to be the case for Atlassian co-founder Scott Farquhar.

The video can be posted on Twitter, Instagram, or Facebook, and the contest website says it should explain what you want to protect in your home and why you should win the contest. Scott Farquhar is cofounder of collaboration software company Atlassian, based in Sydney, Australia. ADT. "We're gonna give them as many ideas as we possibly can because we want to make sure this money gets used for whatever makes their place perfect," he added.

ADT. ", "That's the piece of mind that really makes a house feel like a home," Drew added, echoing his brother.

", You can enter the sweepstakes by posting a video to social media, according to the contest.

"You're protecting your memories, really. The winner of the contest will get to design the renovation with the Scott brothers, and they'll receive a free ADT smart-home security system. "Someone may want to spend the whole $250,000 on a big TV so they can watch the Super Bowl next year on a big screen.

A leading-edge research firm focused on digital transformation.

", "But it's creating that safe sanctuary, somewhere to recharge your batteries, somewhere to create memories or where your kids take their first steps. Account active

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