in

Another Builder Collapses #ConstructionRecession

#Construction #Recession #HeiseSays
Builders seem to be collapsing on a weekly basis.

Twitch
https://www.twitch.tv/heisesays

Check out HeiseSays International
https://www.youtube.com/channel/UCojfY2lvCR0AQBsCkl4QURg

📝 Become a HeiseSays Member
https://www.youtube.com/channel/UCe9Q_WLN-Z9tLVLoDIY24pg/join

🎙My Kit
Rodes Podcaster – https://amzn.to/2IfOEVV
Logitech C920 HD Webcam – https://amzn.to/2Kh6UR5
Rode PSA1 Swivel Mount – https://amzn.to/2WI2DNl
Rode WS2 Microphone Windshield – https://amzn.to/2K9edI1
Stream Deck – https://amzn.to/364HDjO
Drawing Screen XP-PEN https://amzn.to/3wuuO05

Alternative Media Channels
Lbry – https://lbry.tv/@HeiseSays

Goldpass Email: (Donate Gold)
florian.heise@heise.com.au

Buy HeiseSays Merch
https://says.heise.com.au/shop/

🟠 Referral Links 🟠
Amazon Australia Link – https://amzn.to/2KHmtiv
AussieBroadband Referral Code – 1826841

Independent Reserve Referral Link
https://www.independentreserve.com/invite/SSEFMM

eBay Affiliate Link
https://rover.ebay.com/rover/1/705-53470-19255-0/1?mpre=https%3A%2F%2Fwww.ebay.com.au%2F&campid=5338609762&toolid=20008

📬 Postage
PO Box 3404 Sunnybank South QLD 4109

Read More:
Why Buildings Stand Up
https://amzn.to/2stNb5O
Why Buildings Fall Down Why Structures Fail
https://amzn.to/2RqpREZ
Great Streets
https://amzn.to/2YsORy0
A Pattern Language
https://amzn.to/2K7qA7B

Donate and support my content
Patreon – https://www.patreon.com/HeiseSays
PayPal – https://www.paypal.me/fheise

Social Media
Discord – https://discord.gg/uj9Y4sy
Facebook – https://fb.me/Heisesays
Twitter – https://twitter.com/FlorianHeiseAus

Heise Architecture
Our Architectural Practice.
http://www.heise.com.au/

Point Clouds Australia
Our Point Cloud Scanning and Equipment Hire business.
http://pca.heise.com.au/

Written by Heise Says

Comments

Leave a Reply
  1. Cowboy builders operate much like a Ponzi scheme today and our government is responsible because of the laws only lawyers can negate . Building 20 years ago was much cheaper and moved much quicker than today .So much Local council BS along with State BS .So much insurance costs all being paid for by the owners …

  2. FYI I had a Client back in 2020 who signed up with us. He could go straight to Building License as no Planning was required so would have been at Site 2 months after Signing, however our Builder charges a Deposit Upfront (that gets taken off first progress payment) to pay for all our Administration in getting the job to Site. He's broker was in his ear telling him he was paying too much upfront so her refused to pay. Project got held up 4 months & because of that, he was hit up with a 5% price rise lolol
    He would already be in his House by now & $15,000 better off

  3. Not only builders in trouble. News today that Afterpay has posted big losses due to a huge increase in bad debts. Gee, who could of seen that coming, desperate people using afterpay to juggle debts around to try and get themselves out of trouble, now defaulting. I thought this would happen when all these various new “financial instruments” started appearing. A good chance this is just the tip of an iceberg situation with regards to debt. As the Chinese say, we may well live in interesting times.

  4. Your right it won't be the last until there are some systemic changes.

    I'm at the beginning of the process right now, trying to engage an architect and or architect/builders. My experience so far is not great, 1st a builder seem to think we didn't have the money and other barriers. 2nd flaked after me asking to schedule our first site walk/consultation another day so my partner could attend(i hadn't even agreed to the day yet).
    As a PM for a non building construction company it blows my mind how I'm not getting traction on our project.

  5. Starting with Evergrande there have been several construction companies that have gone under recently but we just do not hear about it from the main stream media.

  6. October 2021 it was estimated more than 50% of builders in QLD were insolvent. The qld gov guarantee contracts and that the home will be completed as per contract specifications by way of Qbcc insurance scheme for residential. It is interesting the qbcc isn’t pulling licenses in large quantities. Of course if someone trades insolvently, their personal assets are up for grabs and sadly that may be the play here. No one wins in these situations. Stimulating every housing market in the country simultaneously it seems, wasn’t a great plan.

  7. So my sympathy was dented a little by the building industry not supporting the minority of building workers who didn’t want a certain jab.
    United they stood, divided they fell.
    So I dunno should we care as much for people losing their jobs as they did about their mates?

  8. Do you know if home warranty will cover the costs to complete the project as per plan (a fixed price contract that was signed 2 years ago) the build was meant to take 3 months as it’s a Granny Flat but the builder has done what you have explained and used my money on other unfinished homes and not on my home.

  9. How can this be happening during the greatest wealth creation event in history? Sure I would understand airline staff been wiped out of course. But ANYTHING related to putting a roof over someones head? This should be a ticket to riches!

  10. Once residential interest rates imminently rise to more realistic levels, many more builders will collapse. I have observed this scenario occur several times over the last 55 years.
    Governments will try to alleviate the problem with taxpayer funded building projects. This will be the best chance in decades to address the drastic housing shortage.

  11. Now if these builders had gone created a YouTube channel that talks about builders going broke instead of having a go to actually achieve something they'd be on easy street just like you Florian livin on the fat of the lamb 😊

Leave a Reply

Your email address will not be published.

Loading…

0