The embers of the now-global Tim Gurner avocado shaming scandal – yes, those words are all real – are starting to burn out, but that doesn’t mean there isn’t still a little bit of fun to be had.
It’s an incredibly challenging time in the market, no question. We’ve got foreign buyer restrictions, lending restrictions and we’ve got a planning minister here [in Victoria] who is being difficult. And we’ve had 18 months of the press being negative about property.
Well, i did feature a pretty fun little tidbit – Gurner says that he has learned “valuable lessons” from his time developing a luxury apartment tower in Brisbane‘s Fortitude Valley. The costs of his development blew out by a very casual $33 million – with a budgeted spend of $57 million ending up at $90 million.