Calls for construction summit as more builders fail, costs soar
As another major builder hit the wall this week, a peak industry body has called for a national crisis summit to address the issue, while new data shows building costs have skyrocketed.
Perth builders are the latest prominent construction businesses to hit the wall. (Image source: Shutterstock.com)
As another major builder hit the wall this week, the peak body representing the interests of 2.5 million apartment and unit owners in Australia has called for a national crisis summit to address declining confidence in the residential construction industry.
Perth-based companies Home Innovation Builders and New Sensation Homes have just joined a growing list of builders to collapse in 2022.
Material and labour shortages, soaring costs and issue…
