Housing builder Tamawood warns first-half sales will fall 15pc

Original article by Su-Lin Tan
The Australian Financial Review – Page: Online : 9-Nov-18

Tamawood chairman Robert Lynch told shareholders at the housing builder’s AGM on 8 November that it expected that home sales for the first half would be done by 15 per cent. He noted the housing market was facing a number of challenges at the moment, including the tightening of lending criteria by banks as the result of the banking royal commission. Lynch said the biggest fall in current sales was being seen in Sydney and Melbourne, while he told shareholders that Tamawood was well placed to increase its market share in what was a "tightening market"


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