Adelaide property developer tops Young Rich list

By |

The BRW Young Rich list, has a new number one. Thirty-nine-year-old Ross Makris, an Adelaide-based property developer, increased his wealth by 13.5% to $420m in the last 12 months and now tops the list of Australians aged 40 and under.

In recent years, Makris has become increasingly independent from the family business, Makris Group, owned by his father. Makris owns, in his own right, a number of shopping centres and residential property projects in Adelaide. He also hopes to take advantage of the expected South Australian resources boom, having now secured six SA mining tenements.

Of the top 10 wealthiest young Australians, two are involved in property development, four in hedge funds, two in retail, one in mining and one in IT.

The combined wealth of the 100 people on the list has declined by 4.5% since 2008. The cut-off for entry to the list has also dropped, from $20m last year to $15m in 2009.

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Top Suburbs : torrensville , mt gravatt , windale , balga , penrith

go back

Get help with your investment property

Do you need help finding the right loan for your investment?

When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.

Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.

How soon would you like a mortgage?
What is your Annual Household Income i $
Do you currently own any Investment Properties?
Do you own your own residence?
How much equity do you have in all your current properties?
First Name
Last Name
Where do you live?
What number can we reach you on?
E-mail address
We value your privacy and treat all your information seriously - you can check out our privacy policy here