new house australia
Image – Canva.

Just a few days after New Sensation Homes announced it was going into liquidation, another Perth company is joining the conga line of collapsed builders

Clarkson-based Home Innovation Builders is expected to formally appoint liquidators as soon as today.

Increased labour costs and supply shortages – significantly impacting cash flow – has severely impacted the financial strength of building companies despite the hot market.

Many have failed to turn off sales pipelines once full, leading to too much work.

This is impacting all businesses in the sector from smaller operations to larger builders that have been operating for decades.

Over the past year large builders such as Pindan, Condev and Probuild went into administration

MORE TO COME..



You May Also Like

Perth apartment popularity on the rise, but new stock is still looking for firmer financial foudations

Costs remain a major hurdle to making more affordable apartments viable to build.

Carly Barrett and Paul Rossen awarded the AIA WA President’s Prize

This year’s award recipients have contributed towards growing public interest and understanding of architecture, as well as mentoring the next generation of architects.

2024 Australian Interior Design Awards reveals a record 222 shortlisted projects

Sustainability, collaboration, and timeless natural materials were this year’s biggest trends.

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award categories

This year’s awards include several brand new categories, with entries closing 2 August 2024.

Top Articles

PropertyGuru Asia Property Awards (Australia) returns for its 7th edition, including several brand new award ...

This year's awards include several brand new categories, with entries closing 2 August 2024.

Thinking of borrowing for a new home? We decode the home loan lingo and explore ...

We take a look at everything from principal and interest to rates and more.

A window of opportunity could be open for savvy Australian property investors, but time is ...

One expert has noticed investors are on the move while there's less competition and fewer buyers in the marketplace.