
Boom and gloom for construction industry
The fortunes of the state’s construction industry are split, with residential builders swimming in a flood of grant-inspired inquiries while the commercial sector struggles with a lack of major projects.
The fortunes of the state’s construction industry are split, with residential builders swimming in a flood of grant-inspired inquiries while the commercial sector struggles with a lack of major projects.
The number of homes approved for construction in South Australia has reached its lowest point in three years, as yet another local building company goes belly-up.
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The director of long-time Adelaide roofing company SA Quality Home Improvements, known for its earworm TV ad jingle, has sold the operations of the business and placed the remaining corporate entity under external administration, owing creditors more than $1 million.
EXCLUSIVE | An Adelaide liquidator, managing a collapsed SA construction company owing almost $4 million, is the subject of a complaint to federal regulator ASIC over allegations of “fundamental failings” in his handling of the liquidation.