A perfect storm of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall.
Hundreds of Australian construction firms have collapsed Here s what to do if your builder goes bust 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.
The collapse of building companies and the subcontractors is not just a financial crisis for small businesses, it also harms the sector’s future capacity.
The collapse of Porter Davis Homes leaves 1,700 buyers with unfinished builds, while some subcontractors, including bricklayers, plumbers, plasterers and painters, have not been paid since before Christmas.