This article is from the Australian Property Journal archive
MELBOURNE property developer Tim Gurner is the highest-ranked real estate identity in this year’s Australian Financial Review Young Rich List, rising from fifth to third place after taking his wealth from $465 million in 2017 to $631 million.
Gurner, aged 36, infamously said young Australians would struggle buy a home when they were “spending $40 a day on smashed avocadoes and coffees and not working”.
Ori Allon, who found property tech firm Compass and is now based in New York following success in the US, has jumped from seventh to fourth with $539 million.
Former Essendon footballer and Channel 7 commentator Andrew Welsh has converted his fortunes on the field to the property development game, coming in at 23rd with a worth of $121 million as his Welsh Group undertakes the 5,000 home Thornhill Park project in Melbourne’s west.
Also representing the real estate industry are Marwan Rahme of Kanebridge, in 35th with $70 million; Dean Willemsen of DNW Group in 37th with $65 million, and Real Institute Australia co-founder Ross Robinson in 64th with $39 million.
Australian Property Journal
