Mirvac's Executive Director Susan Lloyd-Hurwitz called for improved building standards, according to a Sydney Morning Herald report.
The construction industry has been plagued by serious fires in which tenants have evacuated poorly constructed apartment buildings, prompting calls for reform.
According to Lloyd-Hurwitz, it is particularly urgent to raise the level of building standards in the country.
It is "unacceptable" for families buying or renting apartments in good faith to be left homeless, facing years of legal battles and costly repairs to buildings, she said .
"It's a scandalous situation because people have bought them in good faith and now have to fight in court. This violation of faith is more than just a transaction that went wrong. These houses represent the savings and dreams of Australians who have invested their future in these homes, "she said.
People should know that their homes are built safely and if something goes wrong they will have support and remedies, said Lloyd-Hurwitz.
Mirvac took advantage of the crisis as customers sought better-known brands while slowing down the market, she said.
"Despite a difficult market, our sales were sustained throughout the year and we achieved our settlement goal. We do not expect a significant improvement in confidence in the residential sector until the end of 2020 and until 2021, "she said.
According to the report, Mirvac announced gross profit of more than $ 1 billion for the fourth year in a row, allowing the company to meet its expectations.
Get help for your real estate investment
Do you need help in finding the right loan for your investment?
When you invest in real estate, it is important to make sure that you do not only have the lowest available rate that you can get, but you also have the features of ready adapted to your needs.
Just fill in a few details below and we will then make the necessary arrangements for a local Australian mortgage broker to contact you and solve the problem What features or what types of loans are suitable for your needs? We will even help with the paperwork. In addition, an appointment is free.
We value your privacy and treat all your information seriously – you can check