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The collapse of Porter Davis Homes leaves 1,700 buyers with unfinished builds, while some subcontractors, including bricklayers, plumbers, plasterers and painters, have not been paid since before Christmas.
![[+] From Butterflies to Bushfires: Australia's Supply-Chain Pain - Vimarsana News](https://images.ctfassets.net/8pr762qjocl3/5iSADHYF4osLeHlsEGlp4U/ce7c01f54248f597d87b036f0cf1a091/1.jpg?w=1200)
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.
The Reserve Bank of Australia warned in October 2019 the construction industry was going to go bust after enjoying a boom between 2012 and 2017.
Building firms are crashing, throwing countless workers out of work and owing millions of dollars to home buyers, contractors, suppliers and workers.