Home builders will compete for business in 2024 as pipeline shrinks
Profit margins are already weakening for many of Australia’s home builders and greater competition will make that worse.
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Profit margins are already weakening for many of Australia’s home builders and greater competition will make that worse.
Wesfarmers’ earnings powerhouse is expanding its commercial business but also preparing for major changes in residential construction.
The new home market is slowing and builders across the country are trying to hold on amid rising prices and labour shortages, but not all will make it.
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