PHOTO: Lang Walker at his Woolloomooloo home. Photo: Louise Kennerley

He’s the one person who predicted the last big three price plunges of the Australian real estate market so when billionaire developer Lang Walker talks property, everyone listens.

And what’s his hot tip for the future? It’s not so much stand-alone houses or apartments; it’s masterplanned communities with their house-and-land packages that he believes are shaping up for a boom.

“The apartment market is over-supplied but I believe greenfield areas are under-supplied,” says the Walker Corporation executive chairman who’s built some of the country’s most successful apartment developments in the past, including Sydney’s Woolloomooloo Finger Wharf, Walsh Bay and King Street Wharf, and Hope Island in Queensland.