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31-03-2023, 02:34 PM | #1 | |||
Render unto Caesar
Join Date: Feb 2008
Location: ::1
Posts: 4,226
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Quote:
I've heard of others on the brink. Many with a large backlog of houses that they a losing money hand over fist building because of locked in contracts on price but sudden surges in material and labour costs have made them unviable. Adding to the pain, their pipeline is about 30% of expected over year.
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"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
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12-04-2023, 04:55 PM | #3 | ||
FF.Com.Au Hardcore
Join Date: Aug 2019
Location: Goulburn NSW
Posts: 513
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Hi Guys
Those poor people who were promised there houses were going to be built and now there left in the cold no house, lost heaps of money and got nothing to show for it. I read in the paper that the Building Company were still taking deposits for houses that they knew werent going to be built " that stinks". |
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12-04-2023, 08:38 PM | #4 | ||
FG XR6 Ute & Sedan
Join Date: Oct 2006
Location: Bibra Lake WA
Posts: 23,395
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Been a big issue in WA for some time with some 94 companies having collapsed in similar circumstances see https://www.youtube.com/watch?v=q2oN_SG6Qpo and https://www.watoday.com.au/national/...23-p5cn19.html etc
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regards Blue |
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