Tim Gurner
{{Short description|Founder of Australian luxury real estate developer Gurner Group}}
Tim Gurner is an Australian businessman. He is the founder of Gurner Group.
Business
Gurner is known as a developer of luxury apartments in Australia. He has been involved with build-to-rent projects.{{Cite web |date=2023-05-31 |title=Build-to-rent alone won't fix housing crisis: Tim Gurner |url=https://www.afr.com/property/residential/build-to-rent-alone-won-t-fix-housing-crisis-tim-gurner-20230531-p5dcqj |access-date=2023-07-18 |website=Australian Financial Review |language=en}}{{Cite web |last=Cummins |first=Carolyn |date=2023-03-07 |title='Huge change' to housing in Parramatta on the way |url=https://www.smh.com.au/business/companies/huge-change-to-housing-in-parramatta-on-the-way-20230307-p5cq0d.html |access-date=2023-07-18 |website=The Sydney Morning Herald |language=en}} He has been described by The Australian as an 'apartment wunderkind'.{{Cite news |title=Apartment wunderkind's $200m Sydney CBD play |work=The Australian |url=https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fproperty%2Ftim-gurner-targets-sydney-cbd-as-office-to-apartment-plays-take-off%2Fnews-story%2Fd0615af149633448f567a489f85281e1&memtype=anonymous&mode=premium&v21=dynamic-low-test-score&V21spcbehaviour=append}}
Projects pursued by Gurner include: a joint venture with the Liberman family to develop a $1.75b mixed-use precinct in Docklands,{{Cite news |last=Scott |first=Mackenzie |date=13 October 2022 |title=Developer Tim Gurner's $1.75bn Docklands project that will reinvigorate the inner-city precinct |work=Herald Sun |url=https://www.heraldsun.com.au/business/developer-tim-gurners-175bn-docklands-project-that-will-reinvigorate-the-innercity-precinct/news-story/be1ac7784fa428b2d148d72540c006c5 |quote=Prolific developer Tim Gurner is not allowing construction constraints or the pandemic to slow his momentum, shoring up his multibillion-dollar pipeline of work with a $1.75bn “city-changing” project in Melbourne.}}{{Cite web |date=2022-10-12 |title=Liberman family turns to Tim Gurner over $1.75b Docklands project |url=https://www.afr.com/property/commercial/liberman-family-turns-to-tim-gurner-over-1-75b-docklands-project-20221012-p5bp4x |access-date=2023-07-18 |website=Australian Financial Review |language=en}} a $200m apartment development of 189 Kent St in Sydney, build-to-rent projects,{{Cite web |date=2023-02-21 |title=Rich Lister Tim Gurner raises $2b for Sydney build-to-rent push |url=https://www.afr.com/property/residential/rich-lister-tim-gurner-raises-2b-for-sydney-build-to-rent-push-20230221-p5cm9a |access-date=2023-07-18 |website=Australian Financial Review |language=en}} and an anti-ageing private social club.{{Cite web |date=2023-05-05 |title=Inside rich lister Tim Gurner's new anti-ageing, private social club Saint Haven |url=https://www.afr.com/life-and-luxury/health-and-wellness/inside-rich-lister-tim-gurner-s-new-anti-ageing-private-social-club-20230504-p5d5pi |access-date=2023-07-18 |website=Australian Financial Review |language=en}} When sold in 2019, the David Hicks designed penthouse of Gurner's St Moritz development in St Kilda, Victoria, broke national sales records to become the second most expensive apartment in Australia.{{Cite web |title=David Hicks is styling projects as private homes – Boutique Developer |url=https://www.boutiquedeveloper.com.au/david-hicks-is-styling-projects-as-private-homes/ |access-date=2024-03-04 |language=en-AU}}
Controversies
Gurner said in May 2017 that millennials should not be buying smashed avocado on toast and $4 lattes in their pursuit of home ownership.{{Cite news|last=Reid|first=David|date=16 May 2017|title=Millionaire says millennials should stop buying avocado in order to buy dream home|publisher=CNBC|url=https://www.cnbc.com/2017/05/16/millionaire-millennials-avocado-property-coffee.html|access-date=15 March 2021}}{{Cite news|last=Cummings|first=William|date=16 May 2017|title=Millionaire to Millennials: Your avocado toast addiction is costing you a house|work=USA Today|url=https://www.usatoday.com/story/money/2017/05/16/millionaire-tells-millennials-your-avocado-addiction-costing-you-house/101727712/|access-date=15 March 2021}} These comments became a prominent topic in Australian media. In public reply, some estimated the savings of forgoing avocado on toast would be an estimated €500 annually, and that at that rate it would take over 500 years to save for a house in the Republic of Ireland.{{Cite news|last=Jones|first=Fionnuala|date=17 May 2017|title=Here's how much avocado toast equates to a house in Ireland|language=en-GB|work=News Talk|url=http://www.newstalk.com/reader/47.301.343.1291/99144/0/|url-status=dead|access-date=20 May 2017|archive-url=https://web.archive.org/web/20170521083717/http://www.newstalk.com/reader/47.301.343.1291/99144/0|archive-date=21 May 2017}} The comments have been compared to David Bach's "Latte Factor".{{cite news|last1=Burkeman|first1=Oliver|title=Will you be able to afford a flat if you stop buying avocado toast?|url=https://www.theguardian.com/lifeandstyle/2017/dec/08/afford-flat-stop-buying-avocado-toast-spending|access-date=23 April 2018|work=The Guardian|date=8 December 2017|language=en}}
In September 2023, speaking at the Australian Financial Review Property Summit, Gurner said that unemployment should rise by 40–50%, because workers had become too arrogant and "pain in the economy" was required to change attitudes. He also stated that governments around the world were working towards that aim.{{cite news |title=Aussie CEO Wants Unemployment To Rise And 'Pain In The Economy' |url=https://www.huffingtonpost.co.uk/entry/tim-gurner-wants-unemployment-economy-pain_n_6500af69e4b01f6f9b9b54f7 |access-date=13 September 2023 |work=Huffington Post |date=12 September 2023}}
References
{{Reflist}}
{{DEFAULTSORT:Gurner, Tim}}
Category:Australian businesspeople
Category:Year of birth missing (living people)
{{Australia-business-bio-stub}}