It’s the myth that keeps on giving, at the AFR:
The chief executive of GWA Group expects robust demand from residential bathroom and kitchen renovators to be a solid buffer against a housing downturn as he also eyes future upside from householders eventually adopting “smart” water usage technology.
GWA Group sells Caroma toilets and bathroom basins, Dorf taps and the Clark brand of kitchen and laundry sinks, and chief executive Tim Salt said there had been no let-up in demand from renovators amid a broader property price decline. “I think it’s fair to say that we’re seeing a fairly consistent trend in the market,” he said.
