Sir Albert was knighted for his services to the property industry in 1969, famously joking with staff that if any of them called him ‘Sir’ he was fine them ‘two bob’.

He retired in 1972 but remained connected to the business he founded by popping into head office once a week to chat with staff.

Tonight’s award will be accepted by Sir Albert’s grandson, Dr Iain Jennings.

AVJennings Limited CEO, Mr Peter Summers, said the impending Hall of Fame induction was a fitting tribute to Sir Albert who laid the foundation for the residential property industry.

“It’s virtually impossible to measure the legacy of Sir Albert Jennings. He was the instigator of high volume residential housing that offered Australians quality homes that included modern conveniences at no extra cost.

Many of his innovations are still used by the industry today, including display homes and cul-de-sacs.

Our Company is delighted to endorse this wonderful recognition for a property pioneer and we continue to dedicate ourselves to his original vision of developing great communities,” Mr Summers said.

Property Council of Australia National President, Ms Susan Lloyd-Hurwitz, said the Hall of Fame honours the leaders of the nation’s largest industry.

“Sir Albert’s belief in the Great Australian Dream never wavered, and it is our great honour to induct the father of the Australian property development industry into the Property Hall of Fame,” Ms Lloyd-Hurwitz said.