Harry Triguboff (centre). Wealth: $12.31bn. “The way that Labor ran it they wanted people to lose money, and nobody wants to lose money.” Picture: Nic Walker. In full: The List - Australia’s Richest 250
Richest 250 – federal election reaction
Some of Australia’s wealthiest property developers have welcomed the federal election result as a turning point.
Shaun Bonett. Wealth: $1.17bn. “The Labour rhetoric of “taking from the rich” with a higher tax regime and policy changes that would hurt investors was certainly cause for concern.” In full: The List - Australia’s Richest 250
Kevin Seymour. Wealth: $874m. “You can certainly sense a lot more confidence out there in the market. All the real estate agents, even prospective purchasers, are lot more buoyant now.” Picture: AAP. In full: The List - Australia’s Richest 250
Arnold Vitocco. Wealth: $750m. “It has been bloody terrific for us, the election result. We have tripled the number of inquiries from potential buyers.” Picture: Jane Dempster. In full: The List - Australia’s Richest 250
Tim Gurner. Wealth: $652m. “Anyone borrowing or trying to purchase a property today isn’t seeking lower interest rates, their big issue is finance approval.” In full: The List - Australia’s Richest 250
Larry Kestelman. Wealth: $605m. “What I think you will see though it a year or a year and a half’s time is a lack of projects on the market. You’ll see less cranes out there, because developers have been very reluctant to launch projects.” Picture: Stuart McEvoy. In full: The List - Australia’s Richest 250
Paul Blackburne (pictured above with wife Charmaine). Wealth: $553m. “We are launching $300m of new projects in the next 12 months. This will create around 1,000 new jobs and we are excited by the year ahead.” Picture: Philip Gostelow. In full: The List - Australia’s Richest 250
Tony Denny. Wealth: $415m. “We have had a really large increase in leads [from prospective buyers] since the election. We were probably getting 2-3 leads per day before then, but now we’re suddenly getting 20-30.” Picture: Troy Snook. In full: The List - Australia’s Richest 250
Original URL: https://www.theaustralian.com.au/business/richest-250-federal-election-reaction/image-gallery/057f32f6c04131def46d81e40a4d2bb3