More than 50 Queensland companies have collapsed so far this year, with the building industry hardest hit and warnings the worst is yet to come. FULL LIST OF COMPANY COLLAPSES
Judith Kerr, Glen Norris, Chris Herde and Scott Sawyer10 min readApril 5, 2023 - 6:36AM
Sunshine Coast
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Those planning to build their own homes in the next three months, have been warned to tread with caution as Queensland’s construction industry reels under an insolvency crisis, with many companies going into liquidation or administration.
At least five Queensland-based construction firms have gone to the wall since January out of a total of 51 companies across all sectors.
Since the beginning of this financial year, there has been a 33 per cent increase in the number of insolvencies reported with 985 Queensland companies liquidated or insolvent across 20 sectors with 235 of those in construction.
In March alone, administrators took the reins of 27 Queensland building and construction businesses.
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