"Pretium’s business model now specialises in buying in bulk from US home builders; by committing to buy homes before they are built and grabbing unwanted inventory from these large groups, Pretium secures good deals and reduces the builders’ risk.You can see why such a model would be attractive to the remaining home builders in Australia".
"Yes, the imminent arrival of a A$80 billion private residential developer from the US into the Australian market is bullish for the land market here over the next few years.And a potential lifeline for those home construction companies who are still left standing."
TWD Price at posting:
$2.45 Sentiment: Buy Disclosure: Held
