Another two more construction companies in Western Australia have gone under due to labour shortages and increasing construction costs.
WA Housing Group, founded in 2019 and focused on custom builds and remodelling, was forced into liquidation on December 7, while Individual Developments WA (IDWA), which had prior agreements with the Department of Housing and Communities, has also collapsed.
WA Housing group reportedly owes around $1 million to crediors and has 13 unfinished projects.
Liquidator Mathieu Tribut, from GTS Advisory, told The West Australian that both companies ran into trouble as constuction costs rose while they were tied to fixed-term contracts.
The reason (WA Housing Group) ceased trading is because they were, in my v…
Read the full article at: https://www.news.com.au/finance/business/other-industries/two-more-major-building-firms-collapse-in-western-australia/news-story/179de7704ac351b6d2387e27bb2b94f9