Tim Gurner prepares for housing rebound with latest luxury offering

Rich Lister Tim Gurner says any cut in interest rates, which could come as soon as August or September, will result in the housing market “getting strong very quickly” – as he submitted plans for an $800 million luxury apartment project on Melbourne’s St Kilda Road.

Gurner Group’s proposal for the 4651sq m site at 424-426 St Kilda Road will offer about 200 large apartments over 19 levels. It was designed by Chicago-based architects SOM, the firm behind Dubai’s Burj Khalifa and New York’s One World Trade Centre.