Two South Australian building companies are facing collapse, and another is facing court action, amid ongoing pressure from the national housing downturn.
Key points:
- New home builds are declining in South Australia
- Several companies have closed and subcontractors are feeling the impact
- Masters Builders SA wants more financial incentives for property owners
Adelaide construction company Tudor Homes has gone into liquidation and JML Home Constructions, which operates the Onkaparinga GJ Gardner franchise, has closed its doors.
An application to wind up Cubic Homes, based in Kilburn, will be heard later this mo…
Read the full article at: https://www.abc.net.au/news/2019-03-13/two-more-sa-building-companies-face-collapse-amid-downturn/10894610