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One of Australia's largest builders goes under

The Australian construction industry has been thrown into chaos following news of the imminent collapse of one its largest builders, Probuild.

Probuild building site signage in Brisbane CBD.
Probuild's demise is a major blow to the Australian construction sector.

The Australian construction industry has been thrown into chaos following news of the imminent collapse of one its largest builders, Probuild.

With an estimated $5 billion worth of projects on the go, administrators have been called in and workers have abandoned building sites around the country.

Probuild’s Johannesburg-listed majority owner Wilson Bayly Holmes-Ovcon (WBHO) said it will no longer provide financial assistance to the construction…