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This Sydney man owns thousands of apartments

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1 minute read

This Sydney man owns thousands of apartments

by Sam O Connor 19 November 2020 1 minute read

Harry Triguboff, born 1933, is an Australian billionaire and one of Australia’s richest people. He is the founder and managing director of Meriton and is known as “High-rise Harry”.

This Sydney man owns thousands of apartments
November 19, 2020
Long before Harry Triguboff earned the moniker “High-rise Harry” or scored billing as the richest property tycoon in the country, he was just another first home buyer grappling to enter the market when Sydney was at the peak of a housing boom.

His company, Meriton, dates back to 1963 and was named after his first solo property development foray in Gladesville.

On advice from a friend, he decided to develop a block of flats in Sydney’s inner west.

In 1963, he bought a block of land and built eight small apartments.

He didn’t know it back then but that modest development set in motion his trajectory and kick-started a trend in high-rise living, which would change Australia’s urban landscape. 

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Today, it has built one in 10 Sydney apartments, and some of the tallest residential towers in Sydney, Brisbane and the Gold Coast.

He spent his early childhood in the Jewish community in Tianjin, and in 1947, moved to Australia to be educated in Sydney. He later graduated with a degree in textiles from the University of Leeds in England, before working in textile businesses in Israel and South Africa.

He returned to Australia in 1950 and became an Australian citizen in 1961. He did a variety of odd jobs, including running a taxi fleet and owning a milk round in Chatswood. He tried selling real estate and worked as an assistant to a lecturer at university but wasn’t so successful at either. He then bought some land in Roseville and hired a builder to begin building his house. The builder repeatedly let him down, so Triguboff threw him out and finished the job himself, learning from his mistakes.

Harry Triguboff has three essential components for success:

  • find something you’re good at, something you love/like to do
  • be good at it and like to do it
  • a willingness to work hard.
This Sydney man owns thousands of apartments
This Sydney man owns thousands of apartments
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