Australia builder collapse: rising costs, supply chain delays, labor shortage, demand drop

The firm, Porter Davis, had more than 1500 homes in progress in Victoria and a further 200 homes in Queensland.

• Porter Davis’s board said they regretted they could not find a funding solution for the group
• liquidators for the firm: "rising input costs, supply chain delays, labour shortages, and a drop in demand for new homes in 2023 impacting the Group’s liquidity "

Piece is here in local media

Earlier re Australia:

• Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting