HT
Harry Triguboff
37quotes
Quotes by Harry Triguboff
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This is a lifetime job. You don't look at it, you know, now and then. It doesn't really matter. When the market comes down, then I buy my land very cheaply, so I make my money on that.
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In Sydney, we always have a deficiency of housing. So that's one good thing, which will cause real estate to keep going up. Not fast, but it'll go up.
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In this business, you don't have to be an architect or an engineer or a brick layer. But you have to understand how the money flows. That you can only understand if you're on the site.
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The newspapers were against me. They were telling me that the Australian dream was a home. But that dream became worse and worse as they had to live further away from the city. My dream became better as we could build higher and higher.
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It's a very difficult business, and I'm very interested in the future of it after I'm gone, and I thought that if I can't produce a strong management team here myself, and I can find better management elsewhere, then I should sell it.
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There's always room for an operator like Airbnb, but it's quite a different thing to my serviced apartments. Airbnb is a different market - it has nothing to do with me.
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We looked into and tested the Airbnb website and found the inquiries generated were at price points substantially lower than the market is prepared to pay us directly. It was clear that there were no real synergies between the level of our offering and what Airbnb clientele is looking for.
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