At least 56 display homes were listed by Metricon in the last two weeks, from a $650,000 home in regional Victoria to a $3.2 million property in Melbourne.
Another Queensland construction company has crumbled amid intensifying market conditions, with skyrocketing material and labour costs making business-as-usual untenable.
Probuild has gone into voluntary administration after a problem-laden high-rise project drove it into debt, placing up to $5 billion in commercial and public sector projects in jeopardy.
Queensland building group Privium has collapsed into administration, leaving subcontractors across Queensland, Victoria and New South Wales in the dark about the future of hundreds of projects.
