MIRVAC Fini development director Brett Draffen has been appointed Victorian CEO effective July 1.
Mirvac NSW CEO Ian Costley has announced that he intends to retire, and Mirvac Victoria CEO Mick O’Brian will return to head the NSW division.
Mirvac Group managing director Robert Hamilton said the acquisition of the Fini group gave Mirvac a significant presence in WA and delivered top quality personnel.
"He (Mr Draffen) has extensive experience across all aspects of property and he will oversee our extensive current operations in Victoria while driving new business and ensuring continued growth."
Market up
THE latest quarterly market review by REIWA has shown a slight improvement in the State’s real estate market from the previous quarter.
There were 12,345 sales of established dwellings in Western Australia during the March quarter, 2.5 per cent more than the previous quarter but still 17.7 per cent less than the same period in 2003.
The Perth median house price in March 2004 was $242,800, which is a 2.8 per cent rise on December 2003 and a rise of 19.8 per cent over the full year.