Mirvac Sees Profit Growth By Seizing Sydney Market

 Major Australian Property Development Group Mirvac, has capitalised on rapid population growth in major cities, especially Sydney, and as a result has grown their operating profit 15.5 per cent to $230 million.

Around 73 per cent of the new proposed projects (totalling 3,350 lots) have been in Sydney - showcasing the emphasis Sydney has on growing profits for the company.

“Above historical average population growth in NSW and broad-based economic strength supports long pipeline of required dwellings in Sydney,” Mirvac Chief Executive, Susan Lloyd-Hurwitz has said.

With a heavy focus on the NSW market, Mirvac’s residential projects (scheduled up until 2019) include:NSW

• Gledswood Hills

• Googong

• Marsden Park

• Moorebank

• New Brighton

• Waterloo

• Dallas Brook

• Donnybook

• Eastern Golf Club

• Harcrest

• Smith’s Lane

• Darien Street

• Waterfront

• Baldivis

• Claremont

• Meadow Springs

• Osprey Waters

• West Swan