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The Urban Developer digs deep into the construction crisis and learns what the situation is right now, why we are where we are—and where it is all headed…
The demise of Australia's construction industry was caused by speculation and greed, major developers argue, with more builders tipped to collapse over the next 18 months, leaving consumers in significant trouble.
A combination of price hikes, relentless rain in some states as well as the lingering effects from Covid-19 shutdowns has seen the building industry reach crisis point in Australia.
The sudden collapse of Condev last week is the latest in a string of company failures across the Australian construction sector with indications of more to come.
Gold Coast-based construction giant Condev has been forced to appoint a liquidator as market and material c...