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A partially built home where construction stalled after the 2024 collapse of Grandeur Homes.
The collapse of more than 3000 construction firms has legal and building industry figures worried about government plans to fix Australia’s housing crisis with a new home boom.
Australian Securities and Investments Commission figures released on December 23 show 3217 Aussie construction firms went into administration in 2024, many leaving families waiting on their dream home facing delays, added costs and uncertainty.
The numbers have surged from 2546 in the prior 12 months, the same year volume builder Porter Davis became insolvent with more than 1700 homes underway.
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