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Mirvac Sees Profit Growth By Seizing Sydney Market

Harold-Park-Mirvac

 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

  • Baldivis
  • Claremont
  • Meadow Springs
  • Osprey Waters
  • West Swan
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Article originally posted at: https://theurbandeveloper.com/articles/mirvac-sees-profit-growth-seizing-sydney-market