Another Australian Home Builder Collapses as Industry Struggles

Another Australian Home Builder Collapses as Industry Struggles
Builders work on a new house in Melbourne, Australia, on Nov. 8, 2006. William West/AFP via Getty Images
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Another Victorian building company has gone bust, weeks after the collapse of one of Australia’s largest home builders, Porter Davis, and construction firm Lloyd Group.

Award-winning builder Mahercorp announced it went into voluntary administration on April 21, affecting more than 700 homes, as the industry continues to struggle amid the cost of living crisis.

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