HARRY Triguboff is an anomaly in property development circles. For starters, he believes the Gold Coast City Council is doing a good job. He also wields brutal purchasing power and is not dependent on banks for capital.
In a restricted market where over-supply has nerves jangling, the 80-year-old former taxi driver and migrant is inspired by the beauty and opportunities that arise in Sydney and the Gold Coast. Tenacious, often contradictory and at times ambivalent, Triguboff has delivered close to $2 billion in projects alone on the Gold Coast – totalling around 2500 units.
“Nobody knows when the market will go up, but logic tells us that if this (Gold Coast) is the best place, it will go back up,” he says.
“Developers will always build them tall here. In Surfers (Paradise) there are so many lovely places that can be developed, it will always win in the end.”
But in this rare interview with Gold Coast Business News, the man they call ‘high rise Harry’ hints that Brighton on Broadwater is likely to be his final project here.
Read Triguboff's story in the latest issue of Gold Coast Business News - out now in more than 450 newsagents.
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