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AAP
AAP
Business
Kaaren Morrissey

Major builder expects 'chronic undersupply' to continue

Strong demand for housing is keeping the property industry in full swing, Mirvac's CEO says. (Mick Tsikas/AAP PHOTOS)

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.

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