AN unprecedented 80 per cent slump in buyer inquiries and fees charged to inspect prospective sites has rocked listed Queensland first-home builder Tamawood as new home sales in the Sunshine State continue to head south.
The statement by Tamawood Ltd to the Australian stock exchange coincided with the release of Housing Industry Association figures showing Queensland recorded the largest fall in new house sales during September. While the nation’s worst housing markets of Western Australia and NSW rebounded with sales increases of 16.5 and 4.5 per cent respectively, Queensland sales were down 10.6 per cent. Queensland led the falls, while South Australian sales were down 9.7 per cent and Victoria’s down 9.2 per cent.
