Posts tagged "condev"

Hardship continues for Australia's largest home-builder Metricon, which is set to reduce its 2500-strong headcount as the sector is buffeted by economic headwinds.

At least 56 display homes were listed by Metricon in the last two weeks, from a $650,000 home in regional Victoria to a $3.2 million property in Melbourne.

Another Queensland construction company has crumbled amid intensifying market conditions, with skyrocketing material and labour costs making business-as-usual untenable.

Why did major Australian construction firms Condev and Probuild collapse? The truth lies in the numbers, writes Adam Merlehan.

Condev Construction has become the latest casualty in the flailing construction industry, following a string of high-profile collapses.