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Builders keep collapsing as new home starts ease

Victorian construction firm Snowdon Developments is the latest casualty of the contagion sweeping through the Australian building industry.

Signage for Snowdon Developments on fence at perimeter of property
The dream is over for staff, creditors and clients of Snowdon Developments

The contagion sweeping through the Australian building industry remains as virulent as ever, with more building companies hitting the wall.

Victorian construction firm Snowdon Developments went into liquidation on Wednesday (13 July) following an order issued at a Supreme court hearing.

The demise of Snowdon, which was wound up over $18m in unpaid bills and unfinished work, follows hot on the heels of another Victorian builder, family-owned Lan…