Metricon to cut workforce by 9% as inflationary pressures and a building backlog weigh on the sector
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.
Metricon lists $65 million worth of property amid tumultuous time for construction
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.
Queensland firm becomes latest casualty in construction crisis gripping Australia
Another Queensland construction company has crumbled amid intensifying market conditions, with skyrocketing material and labour costs making business-as-usual untenable.
Another construction company falls as rumours swirl about Metricon’s $100 million bailout package
Sunshine Coast builder Pivotal Homes became the latest in a string of companies to call in the liquidators late on Thursday.
Sunday lie-in could become a thing of the past as NSW government eyes seven-day construction
NSW Planning Minister Anthony Roberts revealed that construction hours were under review to a room full of developers at the Property Council lunch yesterday.
The real reason why construction giants Condev and Probuild collapsed
Why did major Australian construction firms Condev and Probuild collapse? The truth lies in the numbers, writes Adam Merlehan.
Construction company Condev latest causality amid rising cost of materials
Condev Construction has become the latest casualty in the flailing construction industry, following a string of high-profile collapses.
Why small builders need government financial support in the face of consistent price hikes
Builders are not provided with any financial government backing or support as they face price hike after price hike, writes TCON director Tim Walker.
“Thousands” of SMEs left in the lurch as Probuild collapses with $5 billion in outstanding projects
Probuild has gone into voluntary administration after a problem-laden high-rise project drove it into debt, placing up to $5 billion in commercial and public sector projects in jeopardy.
Why Australia’s new Trade Minister Dan Tehan needs a game plan for China
Despite talk about “Chinese bullying”, Trade Minister Dan Tehan’s task will be to restore a constructive trading partnership with China.
Why did the government block the China-led Probuild sale? What does this mean for mergers and acquisitions?
Since the government will not explain why the sale of Probuild was rejected, it's left to the business community to draw its own conclusions.
IoT construction startup Ynomia secures $150,000 in government grant funding to transform worksites with CSIRO
Construction startup Ynomia has secured $150,000 in grant funding to develop Internet of Things technology for reimagining worksite workflow.
