Queensland’s construction watchdog says its monitoring the unfolding financial crisis impacting Metricon Homes which is building close to 1000 homes across the state.
Glen Norris Chris Herde Ben Wilmot 2 min read May 19, 2022 - 2:43PM The Australian Business Network
Queensland’s construction watchdog says it’s monitoring the unfolding financial crossroads impacting Metricon Homes, the state’s largest house builder.
A Queensland Building and Construction Commission spokesperson said the watchdog is aware of the challenging conditions facing the building industry and is closely monitoring the situation through its financial compliance activities.
“All building contractors in Queensland, including Metricon Homes, must comply with minimum financial requirements,” the spokesperson said.
“The QBCC has the power to take appropriate regulatory action in respect of any contractor who does not satisfy the requirements.”
QBCC data shows Metricon has completed more 2500 homes in the state in the last two years worth close to $1bn
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