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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.