Chaos as 2,300 construction companies go bust
A 'perfect storm' of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall.
Source: dailymail.co.uk
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Tasmania's Multi-Res Builders led by Colin Barratt collapses leaving subcontractors stunned
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.
Source: dailymail.co.uk
Brickworks closes its last factory in Western Australia
Australia's 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?
Source: dailymail.co.uk
Construction company collapse risk as builders allowed to trade despite being broke
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.
Source: dailymail.co.uk
Hamlen Homes: Western Australia construction company collapses, owing $1.4 million
Metro Homes WA Pty Ltd which also trades as Hamlen Homes collapsed into voluntary administration yesterday.
Source: 9news.com.au