Mirvac signified a recovering housing market as it reported a 51 per cent increase in new home sales over the December half, driven by demand for developments in Sydney outside of the CBD.
ASX-listed Mirvac on Friday said it exchanged 947 residential lots, up from 629 a year earlier, as buyers flocked to its $830 million Highforest development in West Pennant Hills and Riverlands on the banks of the Georges River in Milperra. It is also marketing its luxury Harbourside project in Darling Harbour.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
