Mirvac's boss sees less Sydney sales volume ahead

Mirvac's boss sees less Sydney sales volume ahead
Jonathan ChancellorDecember 7, 2020

Mirvac Group's Susan Lloyd-Hurwitz forecasts Sydney's fast house price growth is close to ending.

And she anticipates volumes of home sales could fall away by 15%.

"Previous cycles would suggest that activity, i.e. volume of sales, will moderate for a year or two by 15%, but importantly we don't believe this will lead to price falls rather we expect price growth to moderate away from the double-digit growth rate that it has been experiencing."

She suggested the recent Australian Prudential Regulation Authority crackdown had been a "blunt" measure.

Ms Lloyd-Hurwitz has presided over a record $2 billion in residential sales in the past year at Mirvac.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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