Construction crash scuttles Albo's housing plan macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.
Recent flooding in Victoria, along with rising borrowing costs and inflation will dampen sales over the next six to 12 months, the ASX-listed home builder says.
Shortages are curbing the sector’s ability to produce new homes and meet the record demand stimulated by record-low borrowing costs and government stimulus.
NSW’s largest home builder will now be known as NXT Building Group, with CEO Andrew Helmers seeing acquisition opportunities in the current market turmoil.
The push for carbon-neutral construction by 2030 afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.