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

• Bondi
• Gledswood Hills
• Green Square
• Googong
• Harold Park
• Marsden Park
• Moorebank
• New Brighton
• Sydney Olympic Park
• Waterloo

• Cheltenham
• Dallas Brook
• Donnybook
• Eastern Golf Club
• Harcrest
• Rockbank
• Smith’s Lane
• Yarra’s Edge

• Art House
• Darien Street
• Gainsborough Greens
• Waterfront

• Baldivis
• Claremont
• Meadow Springs
• Osprey Waters
• West Swan