Mirvac's boss sees less Sydney sales volume ahead

Mirvac's boss sees less Sydney sales volume ahead
Mirvac's boss sees less Sydney sales volume ahead

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

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

Tags: 
Price Growth Home Sales

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