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flag Mirvac saw a 38% sales surge in homes during late 2025, driven by older buyers and strong demand, boosting profits despite rising interest rates.

flag Mirvac, Australia’s largest home builder, reported a 38% sales increase in apartments and residential communities during the second half of 2025, with over 1,000 lots exchanged and 835 settled—22% more than the same period the previous year. flag This surge, driven by older buyers and pent-up demand, boosted net operating profit to $248 million, a 5% rise, for the first half of 2025/26. flag Despite rising borrowing costs, customer inquiries remained steady in January and February, signaling sustained market interest. flag The company expects chronic housing undersupply to persist.

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