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construction industry

Big Aussie developer collapses owing millions

Another major Australian developer has gone into voluntary liquidation following the collapse of a major project on the Gold Coast last year.Property Solutions Holdings, responsible for some of Brisbane’s most famous urban renewal projects,…

Victorian school building company collapses

A builder that specialises in educational facility upgrades and associated works has become the latest casualty in Australia’s construction industry crisis. Proclaimed “industry-leading” Melbourne construction company Interface…

Melbourne tradie making $100k from Insta fame

Camila Bernal never expected that an Instagram account she opened two years ago just to keep track of a portfolio of her jobs would “take off” and lead to her starting her own business that is set to make $100,000 this year.The Melbourne…

Record bounce back fuelling housing crisis

Australia’s house price recovery continued in April, with PropTrack’s dwelling values index recording a 0.1 per cent monthly rise to be up 1.4 per cent from its December trough.Sydney, the market which led the downturn, is now leading the…

Major WA construction company collapses

Australia’s largest brick manufacturer has become the latest casualty in the nation’s construction industry crisis, with the company forced to close down a major plant in the country’s west.Concrete block and brick producer Brickworks…

Sad figure facing Aussie renters

Australian tenants are being hit hard by inflation with fresh analysis showing 75 per cent of rental properties have increased in price over the past year.Before the pandemic, landlords had increased the rental prices of only about a…

Iconic Aussie restaurants at risk of closure

Rumours are swirling that some of Australia’s best-loved restaurant chains could be on the chopping block as part of major cost-cutting measures.It is understood that Quadrant Private Equity’s Pacific Hunter hospitality group is currently…