Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 3AW account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 3AW content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

House-proud and homebound: Reliance Worldwide cashes in on home reno boom

BROOKE CORTE
Article image for House-proud and homebound: Reliance Worldwide cashes in on home reno boom

Plumbing supplies and fixtures supplier Reliance Worldwide has booked a currency-adjusted 17% increase in half-yearly sales as homeowners in Australia and the USA spruce up their kitchens and bathrooms.

In the absence of any overseas travel, homeowners are pouring cash into back into their homes amid a global boom in restorations and renovations.

Phil King, Reliance Worldwide’s Director of Investor Relations, says the company has benefited from generous financial support schemes like the $2 billion HomeBuilder grant program.

“We’ve seen apartment construction reduce in volume but we’ve also seen standalone housing pick up over the last six to nine months,” Mr King said.

“Before that, we were a little gloomy on the outlook for Australian new housing construction… and the surge in standalone housing construction has been a very positive thing for us.

Click play to hear the full story:

 

 

BROOKE CORTE
Advertisement