WEALTHY TYCOON’S SMACKDOWN: ‘Stop buying $4 coffees’

  • A YOUNG rich lister who made his fortune off the back of Australia’s capital city property boom says his generation needs to stop buying $4 coffees and travelling if they want to own a home.

Developer Tim Gurner, 35, is worth nearly half a billion dollars but has delivered a brutal smackdown to some would-be first home buyers struggling to get a toehold in the market.

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Property developer Tim Gurner made his fortune riding the property boom.Source:News Corp Australia