Harry Triguboff

After six decades of business, Meriton boss Harry Triguboff says he will stop developing as many apartments given the difficulty in selling them thanks to high interest rates.

A north Sydney unit block, with an annual income of almost $500,000 and believed to be an example of Harry Triguboff’s early work, has hit the market with plenty of interest.

Meriton property tsar Harry Triguboff, NSW’s largest apartment builder, warns that he is almost done with Sydney due to delays and high costs.

Governments and housing authorities must take into account the effect of their actions on home building, and failing to do so will be costly for all.

Harry Triguboff warns of problems in Queensland, where unions want higher wages and less production because they want people to work fewer hours. And their power is growing because of the upcoming Olympics.