Builder insolvencies ease but rising energy costs push new home prices higher
Early signs of stabilisation are emerging in Australia’s residential construction sector, but elevated energy prices and entrenched cost pressures continue to challenge builders, developers and home buyers alike.
There are some mixed signals for the construction sector. (Image source: Jane0606/Shutterstock.com)
Do you want the good news or the bad news?
When it comes to the cost of building a new home and the health of the construction sector, there’s plenty of both.
The good news first
The total number of construction sector insolvencies has fallen over the past three months, the first quarterly decline in the volume of builders collapsing since 2021.
The construction sector still continues to lead the overall market in insolvencies, with 2,630 rep…
