Industry calls for increased migration to ease pressure on builders

A housing boom, a shortage of labour, and inflated prices for building materials have pushed some companies to the brink, but experts say there is little that can be done except weather the storm.

Properties under construction on the Gold Coast. Source: AAP

Highlights

• A spate of insolvencies in the building industry is highlighting the pressures facing the sector.
• Data from credit agency Equifax shows construction insolvencies increased by more than 30 per cent in the 12 months to May.
• The construction sector's share of those figures has grown and now represents 28 per cent of all insolvencies in Australia.

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Hiling na dagdagan ang pagpasok ng mga migrante para makatulong sa problema ng mga builder

SBS Filipino

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