Economics
How Australia's Top Property Billionaire Is Riding Out the Slump
- Second-richest Australian says slump is buying opportunity
- National home prices are falling at fastest pace since 1983
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Harry Triguboff is remarkably calm about Australia’s worst real estate slump in a generation considering he’s got more at stake than perhaps anyone on the planet.
“We have our ups and downs and we keep building,” Triguboff, 85, said in an interview from his office overlooking George Street, one of the busiest in Sydney. The developer, who’s worth $9.2 billion according to the Bloomberg Billionaires Index, plans to push on with expansion, even as the Sydney property market slides deeper into the doldrums.