Top 10 Australian Property Development Players

Meriton founder and the third-richest Australian, “high-rise” Harry Triguboff, has retained his ranking as Australia's richest property player with $12.31 billion in the bank and more than 75,000 apartments completed across the country.

According to The Australian's inaugural edition of The List— Australia's Richest 250, which features 96 billionaires, an average age of 65 and average wealth of $1.27 billion, 25 per cent of which had created their wealth within the property industry.

Triguboff's development company Meriton enjoys an annual revenue of more than $1.8 billion and a pre-tax profit of $700 million.

Meriton, which has predominantly built in Sydney and south-east Queensland over 56-years of operation, dipped into the Melbourne property market earlier this year.

Fourth placed James Packer has endured a tumultuous year after stepping down from Crown as well as a number of a private companies related to his private investment company Consolidated Press Holdings.

In March, Packer sold almost half his stake in Crown Resorts for $1.76 billion to a Macau-based entertainment company, equivalent to $13 per share.

Packer remains in regular contact with the management of the casino and resort giant and is said to be highly-engaged in the construction of Crown’s Barangaroo project.

Lang Walker has seen his wealth grown over the year thanks to his two biggest projects—the completed Collins Square development in Melbourne’s CBD, and four towers at Parramatta Square in western Sydney, two of which are currently under construction.

Walker Corporation’s best-known projects include Collins Square and stylish redevelopments of inner Sydney’s Woolloomooloo Finger Wharf, where Walker has a large apartment, and the nearby Broadway Shopping Centre.

Walker also collected The Urban Developer’s inaugural lifetime achievement award in recognition of the city-shaping projects and contributions Walker Corporation has made to Australia's built environment.

Another big mover this year has been Greg Goodman—holding a global portfolio of assets rapidly building towards $50 billion, and a client list including heavyweights such as Amazon, Walmart, DHL and BMW.

Goodman, who started the company 30 years ago with just eight assets and a market capitalisation of $35 million, has since grown the company to be worth more than $29 billion.

Since January 2010, Goodman has delivered total shareholder returns of 618 per cent.

Related: Top 10 Australian Property Players 2020