Rich Lister Tim Gurner says any cut in interest rates, which could come as soon as August or September, will result in the housing market “getting strong very quickly” – as he submitted plans for an $800 million luxury apartment project on Melbourne’s St Kilda Road.

Gurner Group’s proposal for the 4651sq m site at 424-426 St Kilda Road will offer about 200 large apartments over 19 levels. It was designed by Chicago-based architects SOM, the firm behind Dubai’s Burj Khalifa and New York’s One World Trade Centre.