TOP STORY
Major builder expects ‘chronic undersupply’ to continue
OLDER buyers are leading the charge for one of Australia’s biggest residential home builders, as pent-up demand continues to drive interest despite the risk of higher borrowing rates. Mirvac benefited from a 38 per cent rise in the sale of apartments and properties in residential communities, with more than 1000 lots exchanged in the second half of 2025. Of those, 835 were settled, representing a boost of 22 per cent on the same time a year ago. The result added to earnings in its development arm, leading the group to a five per cent rise in net operating profit to $248 m
