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As building companies such as Oracle continue to collapse, some people losing their dream of a new home are blaming over-committed builders chasing government stimulus money.
Home building contracts in this country leave builders exposed - and that comes down to banks’ lending models.
New Australian Bureau of Statistics data released on Thursday showed 50,000 construction companies were set up between July 1, 2020 and June 30, 2022. But there are fears of more collapses.
It's nearly time when the tide turns...
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