A lack of housing supply, rather than foreign or domestic investors, are driving house prices, property developer Mirvac says.

The company on Thursday re-affirmed its full year earnings guidance, maintaining its target to grow earnings by between 12 and 12.3 cents per share for the 2014/15 financial year as it seeks to take advantage of buoyant housing markets in Sydney and Brisbane. Chief executive Susan Lloyd-Hurwitz said Mirvac planned…