Triguboff pleads for no rate hike
Harry Triguboff warns against another interest rate rise, saying builders and developers had never had such a high amount of bankruptcies and borrowers cannot afford another rise.
Harry Triguboff warns against another interest rate rise, saying builders and developers had never had such a high amount of bankruptcies and borrowers cannot afford another rise.
Harry Triguboff warns of problems in Queensland, where unions want higher wages and less production because they want people to work fewer hours. And their power is growing because of the upcoming Olympics.
Queensland builders have been hammered over the past year with new home starts plunging 11 per cent and almost all the big firms losing ground. | SEE THE LIST
Meriton is about to open its 23rd serviced apartment tower, bringing the total worth of its portfolio to $7.2bn.
Many things are happening in the field of producing more apartments, but so far all that has been achieved is the opposite. In fact, fewer and fewer are being built.
The tough environment for property development has caught out a luxury Byron Bay project proposed by a company controlled by billionaire Harry Triguboff’s grand-nephew Ilya Melnikoff.
Developer Harry Triguboff says a 1900 apartment project would breathe new life into a suburb that has just ‘four golf courses, a neglected beach, housing commission and a prison falling apart’. But concerned locals are having none of it.
Our famous politicians think that if they attack the people who lease property, they will gain votes but what they need to do is approve more housing, writes Harry Triguboff.
The delays in getting enough parking for his new units highlight problems in the planning system, the billionaire property developer said.
Luxury entrepreneur Tim Gurner is in talks to acquire 189 Kent St for more than $200m and finish off the hard work already put in by developer Barana Group.
Harry Triguboff says land around Little Bay ‘must be developed’ and one of the best sites ripe for a redo is the vast Long Bay Jail complex.
Australia’s apartment king Harry Triguboff is embarking on his first Brisbane CBD development in a decade, after buying a land-rich residential unit building in a prime location.
Apartment titan Harry Triguboff has called for an improved relationship with the NSW government saying the Sydney housing market is ‘terribly depressed’.
Multibillionaire Harry Triguboff is building fewer apartments than he was three decades ago and wants the NSW government to reform the sedentary council planning approval process.
Sharp drop in CPI fuels rate pause hopes. Bendigo Bank hits five-month low after UBS cut. Pilbara to invest $560m to ramp up production. ASIC investigates CHESS delays.
They may be worlds apart in age and style, but Harry Triguboff and Tim Gurner agree property is the only game in town.
The multi-billionaire expects his apartment prices in Sydney and the Gold Coast will jump 10 to 15 per cent in the next year.
Former prime ministers and business executives front gala party celebrating property developer Harry Triguboff’s 90th birthday at Sydney Town Hall.
The private meetings of the central bank boss are under scrutiny including a lunch with bond traders in the days following the February’s ‘hawkish’ rate move.
Harry Triguboff wants governments to help landlords with vacant office blocks to convert them to residential units, as it’s unlikely many workers will ever return to full-time office work.
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