'Expect more building companies to fold in 2023': UDIA boss
Numerous obstacles confront the building and real estate sectors in 2023, according to UDIA president Maxwell Shifman, from potential company collapses to an extended rental crisis.
UDIA President Maxwell Shifman told API Magazine that 2023 presented myriad challenges for developers and the construction industry.
More building company collapses loom in 2023 as the industry “consolidates”, according to the head of the Urban Development Institute of Australia (UDIA).
In a wide-ranging interview with API Magazine, UDIA’s national president, Maxwell Shifman, said a “bare future pipeline” pointed to further issues in the embattled building and construction industry.
“Sadly, I expect more building companies to go under,” Mr Shifman said.
“There’s companies t…
