- More than 30 construction companies in Queensland have collapsed this year.
- A new report into the risk of further failures puts another 444 building businesses at high to severe risk of failure in the next 12 months.
- An apartment glut and loss of Chinese investors are believed to be factors.
A Brisbane-based construction company linked to a massive Chinese building business is on the brink of collapse in another sign that Queenslands building industry is struggling.
Rimfire Constructions had its building licence cancelled by the Queensland Building and Construction Commission (QBCC) in July and is currently seeking a court-approved scheme of arrangement to pay its creditors aft…
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