Condev Construction News Today

A perfect storm of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall.

Aussie building company Multi-Res Builders has collapsed leaving subcontractors unpaid - with the Tasmanian firm the latest in a growing list of construction companies to go under.

Australias biggest brick maker has announced the closure of its last WA plant in the latest piece of bad news for the embattled construction sector. But could better days be just around the corner?

Two industry insiders have called for greater transparency in the construction sector as major home builders continue to collapse leaving people in the lurch with half-finished houses.

Metro Homes WA Pty Ltd which also trades as Hamlen Homes collapsed into voluntary administration yesterday.

The NSW-based company, also known as EQ Projects, collapsed earlier this month and owes money to between 400 and 500 creditors.

Barely a week goes by without another Australian building company going under and there is no sign of the carnage stopping any time soon - and these collapses affect everyone in one way or another.

Two major Western Australian building firms have collapsed amid rising construction costs which are causin...

Six years after laying the foundation for their dream home, an Aussie couples life has turned into a nightmare as the art deco house remains unfinished, over budget and riddled with problems.

The top 12 privately owned construction firms in Australia collectively saw their profits plunge in 2022, a year that saw a stunning number of builders go broke, and the outlook is grim for 2023.