Home builder cautious over war impact on supply chains
ONE of Australia’s biggest residential home builders is eyeing the Middle East conflict for potential impacts on its supply chains, after reporting an increase in property sales. Mirvac, which specialises in apartments and residential communities, benefited from a 12 per cent rise in sales in its third quarter, with almost 600 lots changing hands. Over the year ended March 31, residential sales jumped 28 per cent with almost 1900 lots exchanged. Chief executive Campbell Hanan said sales remained resilient in NSW, Queensland and Western Australia, although activity had moderated