CLAS­SIC ROD CLE­MENT

The Weekend Australian - - BUSINESS REVIEW -

A joint ven­ture be­tween Gurner and Sin­ga­pore’s Thakral group, it was bankrolled by Shayne El­liott’s ANZ in a fund­ing deal or­gan­ised prop­erty fi­nance wizards Max­cap, where Paul Keat­ing sits on the board.

Max­cap, which has backed every one of Gurner’s de­vel­op­ments and also runs a $40m mez­za­nine fund in­vested in the project, is also look­ing to the sunny side. Boss Wayne Lasky reck­ons Bris­bane is a “self-reg­u­lat­ing mar­ket” when it comes to apart­ment sup­ply.

El­liott’s ANZ seems sim­i­larly re­laxed.

Mean­while, Gurner’s pri­vate prop­erty moves ap­pear al­most as fre­netic as those on the cor­po­rate side.

The man­sion in Mel­bourne’s leafy Toorak he calls home, owned by wife Aimee, is on the mar­ket with hopes for as much as $9m — a happy in­cre­ment from the $5.3m she paid for it in Fe­bru­ary 2014.

It’s some­thing of an up­grade from the cou­ple’s pre­vi­ous home, a ren­o­vated Ed­war­dian in Brighton sold in March that year for $2.5m.

It boasted a glass garage that, at least in real es­tate sales ma­te­rial, played dis­play home to an As­ton Martin.

Per­sonal ap­proach

Tak­ing a leaf out of ANZ boss Shayne El­liott’s play­book, Na­tional Aus­tralia Bank boss An­drew Thor­burn took to the air­waves on Fri­day to talk di­rectly to his peo­ple, live and unedited. Ex­pect soon to see West­pac’s Brian Hartzer on the hus­tings kiss­ing ba­bies.

Thor­burn was talk­ing with 3AW’s talk­back king Neil Mitchell and ap­pears to have tem­po­rar­ily lost his mar­bles en­gag­ing with caller Steve, a cus­tomer with Thor­burn’s $83 bil­lion bank.

Steve, who has two credit cards with NAB, quizzed the bank boss on why credit card rates hadn’t fallen to the same ex­tent as those for home loans.

“Hi Steve, it’s An­drew speak­ing,” Thor­burn be­gan.

“So we would like to help you … that num­ber I men­tioned be­fore you can call that, or email me at an­drew.thor­burn @nab.com.au and I can help you off­line,” he said on 3AW. So now we all have it. It’s a prece­dent set by El­liott last year when he ad­dressed an au­di­ence of fin­tech types and then again a few months ago on Tom El­liott’s drive show on the same ra­dio sta­tion. What’s next? The pun­ters over for Sun­day roast?

Tim Gurner’s tower block

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