Tim Gurner

Last updated

Tim Gurner is an Australian businessman. He is the founder of Gurner Group.

Contents

Business

Gurner is known as a developer of luxury apartments in Australia. He has been involved with build-to-rent projects. [1] [2] He has been described by The Australian as an 'apartment wunderkind'. [3]

Projects pursued by Gurner include: a joint venture with the Liberman family to develop a $1.75b mixed-use precinct in Docklands, [4] [5] a $200m apartment development of 189 Kent St in Sydney, [3] build-to-rent projects, [6] and an anti-ageing private social club. [7]

Personal life

He has an association with Harry Triguboff. [8]

Public opinions

Gurner said in May 2017 that millennials should not be buying smashed avocado on toast and $4 lattes in their pursuit of home ownership. [9] [10] These comments became a prominent topic in Australian media. In public reply, some estimated the savings of forgoing avocado on toast would be an estimated €500 annually, and that at that rate it would take over 500 years to save for a house in the Republic of Ireland. [11] The comments have been compared to David Bach's "Latte Factor". [12]

In September 2023, speaking at the Australian Financial Review Property Summit, Gurner said that unemployment should rise by 40-50%, because workers had become too arrogant and "pain in the economy" was required to change attitudes. He also stated that governments around the world were working towards that aim. [13]

Related Research Articles

<span class="mw-page-title-main">Australian cuisine</span> Culinary traditions of Australia

Australian cuisine is the food and cooking practices of Australia and its inhabitants. Australia has absorbed culinary contributions and adaptations from various cultures around the world, including British, European, Asian and Middle Eastern.

<span class="mw-page-title-main">Docklands, Victoria</span> Suburb of Melbourne, Victoria, Australia

Docklands, also known as Melbourne Docklands, is an inner-city suburb in Melbourne, Victoria, Australia, 2 km (1.2 mi) west of Melbourne's Central Business District, located within the City of Melbourne local government area. Docklands recorded a population of 15,495 at the 2021 census.

<span class="mw-page-title-main">Gina Rinehart</span> Australian businesswoman

Georgina Hope Rinehart is an Australian billionaire mining magnate and businesswoman. Rinehart is the Executive Chairman of Hancock Prospecting, a privately owned mineral exploration and extraction company founded by her father, Lang Hancock.

<span class="mw-page-title-main">Harry Triguboff</span> Australian property developer and founder of Meriton (born 1933)

Harry Oskar Triguboff is an Australian billionaire real estate developer, and one of Australia's richest people. He is the founder and managing director of Meriton and is known as "high-rise Harry".

Bruce Gordon is an Australian businessman. He is the owner of the Australian television network, WIN Television through his ownership of WIN Corporation, the largest shareholder of Network 10 & the largest shareholder of the Nine Network, and holds a significant stake in Nine Entertainment Co.

<span class="mw-page-title-main">Country Garden</span> Chinese property development company

Country Garden is a property development company based in Guangdong, China, owned by Yang Guoqiang's family. It ranked 206th in Fortune Global 500 list of 2023. Country Garden features a market capitalization of over US$29.84 billion as of 2018; with 187 high-end township developments throughout China, Malaysia and Australia among its vast international project portfolio. The company is incorporated in the Cayman Islands. Its headquarters are in the town of Beijiao, in Shunde District, Foshan.

<span class="mw-page-title-main">Toast (food)</span> Bread that has been exposed to dry heat

Toast is sliced bread that has been browned by radiant heat. The browning is the result of a Maillard reaction altering the flavor of the bread and making it firmer. The firm surface is easier to spread toppings on and the warmth can help butter reach its melting point. Toasting is a common method of making stale bread more palatable. Bread is toasted using a toaster or a toaster oven. Toast may contain acrylamide caused by the browning process, which is suspected to be a carcinogen. However, claims that acrylamide in burnt toast causes cancer have not been proven.

The Financial Review Rich List, formerly known as the BRW Rich 200, is a list of Australia's two hundred wealthiest individuals and families, ranked by personal net worth published annually in The Australian Financial Review Magazine, a supplement of The Australian Financial Review, published by Nine Publishing. The list provides a short summary on some of the known business activities of the individuals and families, together with commentary on how their ranking has changed from the previous year, if listed.

<span class="mw-page-title-main">Mike Cannon-Brookes</span> Australian billionaire business magnate (born 1979)

Michael Cannon-Brookes is an Australian billionaire business magnate who is the co-founder and co-CEO of software company Atlassian.

Walker Corporation is an Australian privately-owned property development company.

<span class="mw-page-title-main">555 Collins Street</span> Building in Melbourne, Australia

555 Collins Street is a site located on the corner of Collins and King Street in the Melbourne CBD. Enterprise House, an office building that replaced the Second Empire Federal Coffee Palace, has been demolished for redevelopment into a 85,000sqm two stage office development.

<span class="mw-page-title-main">Meriton</span> Australian residential developer

Meriton is an Australian property developer and construction company founded by Harry Triguboff AO, its managing director, in 1963. Meriton sells apartments and also operates serviced apartments accommodation under its Meriton Suites brand in Sydney, Brisbane and the Gold Coast.

<span class="mw-page-title-main">One Queensbridge</span> Proposed skyscraper in Melbourne

One Queensbridge was a proposed mixed–used supertall skyscraper to be located in the Southbank precinct of Melbourne, Australia. The skyscraper would have become the tallest building in Melbourne, surpassing the height of Australia 108, and the tallest building in Australia, eclipsing the height of Q1. In addition to being the tallest, the development would have been one of the biggest single–building projects in Australia, encompassing 300,376 square metres of floor area.

<span class="mw-page-title-main">Avocado toast</span> Open sandwich, toasted

Avocado toast is a type of open sandwich consisting of toast with mashed avocado, and any of a variety of spices and flavorful ingredients. The most popular are usually salt and black pepper, sometimes lemon juice or other citrus, while others include olive oil, hummus, vinegar, red pepper flakes, feta, duqqa and tomato.

The BRW Rich 200, 2016 is the 33rd annual survey of the wealthiest people resident in Australia, published in The Australian Financial Review on 27 May 2016. From its establishment in 1984 and up until the publication of the 2016 list, the survey had been published in either hardcopy and/or online format in the BRW, or formerly, the Business Review Weekly. On 4 March 2016, Fairfax Media announced the closure of the BRW website, and redirected the site to a new section of The Australian Financial Review. Rich lists are now published in The Australian Financial Review Magazine and in 2017 were rebranded as the Financial Review Rich List.

Lighthouse is a mixed-use development in the suburb of Dee Why in the Northern Beaches region of Sydney.

The Financial Review Rich List 2020 is the 37th annual survey of the 200 wealthiest people resident in Australia, published by The Australian Financial Review in The Australian Financial Review Magazine on 30 October 2020.

The Financial Review Rich List 2021 is the 38th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 27 May 2021.

The Financial Review Rich List 2023 is the 40th annual survey of the 200 wealthiest people resident in Australia, published by the Australian Financial Review on 26 May 2023.

The Liberman family is an Australian business family primarily based in Melbourne, Victoria.

References

  1. ↑ "Build-to-rent alone won't fix housing crisis: Tim Gurner". Australian Financial Review. 2023-05-31. Retrieved 2023-07-18.
  2. ↑ Cummins, Carolyn (2023-03-07). "'Huge change' to housing in Parramatta on the way". The Sydney Morning Herald. Retrieved 2023-07-18.
  3. 1 2 "Apartment wunderkind's $200m Sydney CBD play". The Australian.
  4. ↑ Scott, Mackenzie (13 October 2022). "Developer Tim Gurner's $1.75bn Docklands project that will reinvigorate the inner-city precinct". Herald Sun. Prolific developer Tim Gurner is not allowing construction constraints or the pandemic to slow his momentum, shoring up his multibillion-dollar pipeline of work with a $1.75bn "city-changing" project in Melbourne.
  5. ↑ "Liberman family turns to Tim Gurner over $1.75b Docklands project". Australian Financial Review. 2022-10-12. Retrieved 2023-07-18.
  6. ↑ "Rich Lister Tim Gurner raises $2b for Sydney build-to-rent push". Australian Financial Review. 2023-02-21. Retrieved 2023-07-18.
  7. ↑ "Inside rich lister Tim Gurner's new anti-ageing, private social club Saint Haven". Australian Financial Review. 2023-05-05. Retrieved 2023-07-18.
  8. ↑ "When colossus Triguboff met precocious Gurner" . The Australian.
  9. ↑ Reid, David (16 May 2017). "Millionaire says millennials should stop buying avocado in order to buy dream home". CNBC . Retrieved 15 March 2021.
  10. ↑ Cummings, William (16 May 2017). "Millionaire to Millennials: Your avocado toast addiction is costing you a house". USA Today . Retrieved 15 March 2021.
  11. ↑ Jones, Fionnuala (17 May 2017). "Here's how much avocado toast equates to a house in Ireland". News Talk. Archived from the original on 21 May 2017. Retrieved 20 May 2017.
  12. ↑ Burkeman, Oliver (8 December 2017). "Will you be able to afford a flat if you stop buying avocado toast?". The Guardian. Retrieved 23 April 2018.
  13. ↑ "Aussie CEO Wants Unemployment To Rise And 'Pain In The Economy'". Huffington Post . 12 September 2023. Retrieved 13 September 2023.


This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.