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.
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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