Another two building companies have collapsed in WA amid a huge crisis in the Aussie construction industry, leaving at least a dozen homes unfinished. Perth-based boutique home builder Royal Construction and Design went into liquidation on Tuesday, August 8, according to a notice published by ASIC. Just a few daysContinue Reading
A solid day of trading has left the Australian share market in the green after the ASX followed a rise on Wall Street. The benchmark ASX 200 index gained by 11.2 points, or 1.6 per cent, to finish the session at 7,246.9 for its biggest one day rise since January.Continue Reading
Yet another construction company has collapsed with Perth builder City Residence Pty LTD going into liquidation. Peter Malone from CRS Insolvency Services was appointed liquidator on Wednesday after a company meeting resolved City Residence should be wound up. The company was yet to complete 13 residential building projects despite theContinue Reading