One of the nation's most prominent home builders is set to shed almost a tenth of its workforce, as concerns continue about Australia's construction industry.
At the same time, the industry has been grappling with soaring inflation or price hikes on a range of crucial materials, including timber, flooring and even toilets.
BIS Oxford Economics senior economist Maree Kilroy told ABC News that Metricon's restructure was expected in the current climate."And we expect the build costs to remain elevated for another 12 months. "This is on top of a higher assumed dropout rate for projects, with a significantly greater share of approved dwelling not making their way to completion.
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