Billionaire Harry Triguboff’s housing shortage warning: Gottliebsen

Australia's largest apartment owner and developer, Harry Triguboff, scoffs at the idea that there will be a housing bubble. He believes the shortages, the absence of stock and the fact that the cost of construction is close to selling prices will underpin values and eventually lead to a rise. And to back his view his Meriton Group is embarking on a major apartment building campaign and plans to erect 5,000 units - double his old building rate - in the Sydney suburbs of Epping, Zetland, Alexandria, Warriewood, Rhodes and St Ives. He is also building two massive towers in Brisbane.

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