Stevens Construction, based on the NSW Central Coast, announced on Monday that it had fallen into administration having faced unprecedented disruptions during recent constructions.
Duggan believes that the macroeconomic environment is quite strong with a lot of demand for housing. However, it’s also important to match delivery with the company’s capacity and capability. “The one thing we ve learnt over the last two years is to deliver for our customers. So while we d love to deliver more, we need to make sure we don t take on or bite off more than what we can chew,” he says.
Australia s biggest home builder Metricon has issued a warning to the Australian government with construction companies now making up a quarter of businesses going into administration.
No end to the 'property cyclone' as construction costs keep rising and more builders head into insolvency abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.
After a turbulent year which included fears around the company s future, Metricon’s new CEO Brad Duggan says the outlook is bright for Australia’s biggest home builder.