Pre-sales will insulate from residential 'headwinds' – Winton

Chris Meehan says Winton is in a 'strong position' to buy land. (Image: Winton)

Wed, 26 Oct 2022

Chris Meehan, founder and chief executive of residential developer Winton Land, says the company’s $662 million worth of pre-sales will act as a buttress against the current property market downturn.Meehan said residential sales enquiry and sales have softened in recent months, on the back of increasing interest rates, increasing construction costs and tighter credit rules.However, the firm’s long-term strategy of seeking pre-sales has put it in “good stead”, sheltering it from ongoing market volatility.“The same c...

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