The capital city property market sending builders bust
Undertaking a new home build or buying off-the-plan always present a degree of risk but that uncertainty is heightened in one major Australian city.
Building wait times in the three-year range are no longer the exception to the rule. (Image source: Shutterstock.com)
Perth’s property market has been Australia’s strongest performer over the past 12 months, with dwelling values surging 21 per cent in 2024.
This growth, however, is being shadowed by a construction sector in crisis
.Builder collapses are becoming alarmingly common, leaving investors exposed and projects in limbo.
This is due to continued instability in the cost of materials and labour, as well as protracted construction times in the Perth market.…
