Construction industry struggles as inflation and delays lead to worst collapses in nine years

Australia News News

Construction industry struggles as inflation and delays lead to worst collapses in nine years
Australia Latest News,Australia Headlines
  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 78%

Australia’s construction industry is set to worsen as inflation in materials, labour, and rain delays trigger collapses.

Australia’s construction industry is set to worsen as inflation in materials, labour, and rain delays trigger collapses. Over 5,200 homes under construction have received devastating losses since 2021, costing at least $2.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SkyNewsAust /  🏆 7. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ASX 200 finished the day up on MondayASX 200 finished the day up on MondaySky News Business Editor Ross Greenwood says the ASX 200 finished the day up on Monday by 0.78 per cent.
Read more »

ASX 200 finished the day down on TuesdayASX 200 finished the day down on TuesdaySky News Business Editor Ross Greenwood says the ASX 200 finished the day down on Tuesday by 0.17 per cent.
Read more »

Vandals targeting under-construction social houses means housing waitlist got a little longerVandals targeting under-construction social houses means housing waitlist got a little longerIn Tasmania, social housing is in short supply and efforts are being made to build new homes as quickly as possible. But as soon as construction starts, it is targeted by teenage vandals.
Read more »

Cracks in construction sector grow as cost blowouts biteCracks in construction sector grow as cost blowouts biteConstruction companies that made it through the pandemic because of COVID-19 support measures are in an increasingly vulnerable position as insolvency experts warn rising costs will continue to bite their industry.
Read more »

Cold front delivers snow, hail to large parts of Australia with more cold weather to comeCold front delivers snow, hail to large parts of Australia with more cold weather to comeA cold front has delivered icy weather, snow and hail to large swathes of the country with some places clocking record cold temperatures for May. The BoM is warning the cold snap isn't over yet.
Read more »

Exposing Emil Gayed, the obstetrician who mutilated scores of NSW women | Ten years of Guardian AustraliaExposing Emil Gayed, the obstetrician who mutilated scores of NSW women | Ten years of Guardian AustraliaMelissa Davey and Carly Earl look back at long days uncovering the shocking extent of the doctor’s botched surgeries – ‘It was all snowballing’
Read more »



Render Time: 2025-02-27 05:25:23