Mirvac says middle ring housing demand is booming

Michael BlebyDeputy property editor

Updated Feb 14, 2025 – 2.48pm, first published at 10.18am

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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.

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.