Cedar Woods Properties is tipping a 10 per cent increase in full-year profit to $40 million.
The property developer made the forecast while reporting strong demands for projects in WA and Victoria during the September quarter.
Cedar Woods said settlements to date and presales were in excess of 70 per cent of its 2013-14 budget.
Sales and pre-sales had increased from $175 million at June 30 to $205 million, with the majority due to settle this financial year.
"Current positive market conditions are underpinned by population growth, low interest rates and relatively low unemployment," the company said.
"As the company's portfolio has many projects in the country's fastest growing municipalities, Cedar Woods is well placed to benefit from these conditions."The company's shares closed down 4 cents to $7.20.