Construction Firms Are Failing Faster Than Ever!

Digital Finance Analytics (DFA) Blog

Dec 28 2023 | 00:18:15

00:00 / 00:18:15

Show Notes

News.com.au reported that a staggering 2,349 construction firms have collapsed in the past year – with fears more may fall soon. A “perfect storm” of high interest rates, soaring material costs and an ongoing worker shortage across the Aussie industry have sent tradies into freefall. Insolvencies in the construction industry have reached an annual record this year, according to fresh data published by the corporate regulator ASIC.The September quarter was the worst for the industry in 2023, where 785 construction businesses traded as insolvent. Just this month four building companies went bust in the first three days of the month. […]

Other Episodes

Episode 0

February 05, 2020 • 00:12:04

What If Negative Interest Rates Are Coming - And They Will Be Permanent? [Podcast]

We discuss a new Bank of England paper. And it turns current central banking thinking on its head! https://www.bankofengland.co.uk/working-paper/2020/eight-centuries-of-global-real-interest-rates-r-g-and-the-suprasecular-decline-1311-2018

Episode

May 22, 2024 • 00:09:02

New Zealand Rates Held Higher For Longer As Hawks Fly!

The Reserve Bank of New Zealand left the Official Cash Rate at 5.5% on Wednesday, saying that Restrictive monetary policy has reduced capacity pressures...

Episode

March 07, 2024 • 00:08:38

Operation Housing Mincemeat!

The desperate quest for housing is playing out across Australia, with renters fighting to find an affordable place, and being confronted with significant rent...