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Australia builder collapse: rising costs, supply chain delays, labor shortage, demand drop

Eamonn Sheridan
30/03/2023 | 23:16 GMT

The firm, Porter Davis, had more than 1500 homes in progress in Victoria and a further 200 homes in Queensland.

  • Porter Davis’s board said they regretted they could not find a funding solution for the group
  • liquidators for the firm: "rising input costs, supply chain delays, labour shortages, and a drop in demand for new homes in 2023 impacting the Group’s liquidity "

Piece is here in local media

Citing financial stability risks APRA has jacked up the minimum 'rate buffer'.

Earlier re Australia:

  • Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting

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