In Sydney, we always have a deficiency of housing. So that's one good thing, which will cause real estate to keep going up. Not fast, but it'll go up.
A developer who is not optimistic shouldn't be a developer.
If we allow more development, it will bring housing affordability.
Local councils are hostile to large developers and think that, by doing this, they are standing up for the community. But they're wrong.
The market is good when the local people are in it and believe in it and support it. That's what I want.
If the banks become unreliable lenders, apartment prices will drop dramatically.
I don't think I have to combat Airbnb. It is like comparing Tiffany to a shop that sells things for one dollar.
There's always room for an operator like Airbnb, but it's quite a different thing to my serviced apartments. Airbnb is a different market - it has nothing to do with me.
I'm a businessman, that's all.
I have never laid a brick in my life. But my people have laid more bricks than anybody else put together. Because I know how to pay.
I employ thousands of people, maybe 5,000 or 6,000. In my mind, they are all doing well. Because if they are not doing well in their minds, I'm not as strong as I could be.
When the unions were fighting me 45 years ago, they could never beat me.
We had a Jewish school; we had a Jewish club. My father was a main donor. My mother was on the committee of the school.
I never built houses, only apartments.
I realized that we have to do everything we can to preserve the Jewish race. I'm very proud of it, and I think it's wonderful.
Chabad is very important because without Jewish education, Diaspora Jewry would disappear.
The newspapers were against me. They were telling me that the Australian dream was a home. But that dream became worse and worse as they had to live further away from the city. My dream became better as we could build higher and higher.
