Fred Schebesta agrees to halt wild parties at Cypto Castle

Finder founder Fred Schebesta has agreed to suspend “corporate or commercial activities” at his Crypto Castle home after neighbours complained about noisy parties.

Schebesta bought the clifftop mansion at South Coogee for a record-breaking $16.8m in 2021 and has been recently advertising the property on Airbnb at more than $60k a week.

He’s also been promoting it for photo shoots on social media, with Cate Blanchett doing a photo shoot there and even Martha Stewart.

But it’s the wild parties, such as one by Omega Watches attended by 70 people, and others by Tik Tok and Glam by Manicare, that have reportedly really upset his wealthy and influential neighbours.

They’ve even called the police about the noisy rabble.

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Fred Schebesta is the co-founder of CEO of Finder, among other ventures. Picture: Jane Dempster/The Australian.

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He bought Crypto Castle for a record-breaking $16.8m in 2021.

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With the property zoned residential rather than commercial, they’ve also got the Randwick council involved, who met with Schebesta about their concerns on Monday.

A council spokesman has confirmed there were several complaints about noise, illegal parking and allegations that the property is being used as a venue for corporate functions without the required consent.

“Council owners met with the property owner on Monday 1 December 2025 to discuss these issues,” the spokesperson said.

“The area is zoned for residential use, and council has placed the owner on notice that any unauthorised use of the property, particularly where it interferes with the amenity of the neighbourhood, will be met with regulatory action.

No more showgirls — for now.

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Corporate events are off the table at Crypto Castle.

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“The owner is cooperating with council and has agreed to suspend any future corporate or commercial activities at the property.

“Council will continue to monitor the situation.”

It probably hasn’t helped his cause that Schebesa, who has described himself as an “internet rockstar”, is so active on social media discussing his events at the home.

He posted a video from a Finder party there on LinkedIn that showed he had DJs, a fire-thrower and lots of singing, dancing and drinking guests.

Other parties have featured circus performers.

And Myer held a runway show by the pool.

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