Property mogul panics over tiny house price falls

Wednesday 15 July 2026

Harry Triguboff is the founder of Meriton, Australia’s largest apartment developer. He is also Australia’s richest man, with a net worth of around $US23 billion, according to Forbes.

Triguboff’s wealth is tied to Sydney’s and south-east Queensland’s high-rise apartment markets, principally apartment construction and build-to-rent.

Over the six years to June 2026, Australian capital city dwelling values increased by 54%, with unit values growing by 39%.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.