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Mirvac says housing headed for lower prices and volume growth

Property Markets / Outlook

Australia

Feb 10 2018

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Carolyn Cummins, The Sydney Morning Herald

Mirvac, one of the country's biggest residential developers, has said the housing sector is at the mature end of the housing cycle and is heading into a phase of lower prices and volume growth.

The chief executive Susan Lloyd-Hurwitz said the underlying fundamentals for the residential market remain strong in Sydney and Melbourne and there remains a ''fundamental undersupply''.

Go to The Sydney Morning Herald and read the full story.

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