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Construction collapses loom after stimulus wind-back

Builders are warning of widespread construction company collapses next year, with demand for new housing expected to nose-dive in 2022 as government stimulus winds back.

Townhouses under construction
HomeBuilder has givenb the construction sector a massive jolt, but there are concerns about demand for new housing when it expires. Photo: Shutterstock

Builders are warning of widespread construction company collapses next year, with demand for new housing expected to nose-dive in 2022 as government stimulus winds back.

While 2021 is expected to be a bumper year for builders across the country, Association of Professional Builders co-founder Russ Stephens said the landscape would be significantly different next year when JobKeeper is phased out and the HomeBuilder stimulus scheme runs its cours…