In the eight months to the end of February, 1,236 companies in the construction sector have failed. Read more at straitstimes.com.
SYDNEY – A series of Australian builders has collapsed, leaving the nation’s construction sector – one of its biggest employers – in crisis just as the country faces a looming housing shortage.
The collapse last month of Porter Davis, the 12th-largest Australian construction firm, and Lloyd Group, a school and government project builder, left more than 1,700 developments in jeopardy and sent shockwaves through the property sector.Get exclusive reports and insights with more than 500 subscriber-only articles every month
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