Mirvac has sold more than half of the 186 luxury apartments in a planned new 45-level building in riverside Melbourne, with overseas buyers making up 20 per cent of the sales, which benefited from state government stamp duty exemptions.
ASX-listed Mirvac revealed the sales figures on Monday, after a weekend in which it sold 150 apartments, out of a total planned 263, at its Harbourside development in central Sydney, where the state government has given no such exemption to buyers of off-the-plan apartments.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
