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Developer founded by Lang Walker sidesteps downturn with $217m profit

The Australian Financial Review (AFR) •
November 02, 2026 • 09:00 AM
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Mirvac and Stockland have flagged early signs of a housing slowdown as inquiry levels ease. Walker Group says its buyers are still following through on sales.

Developer founded by Lang Walker sidesteps downturn with $217m profit

Walker Group, the global real estate empire established by late billionaire Lang Walker, says it is confident it will prosper despite the deepening property downturn, after posting a turnaround $217.5 million profit boosted by sales in its housing estates and apartment projects.

After the death of its founder two years ago , the high-profile development company is now owned by wife Sue and the families of his children Blake, Chad and Georgia. Its managing director is David Gallant.

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