Yet another major building company has announced it has gone into administration, marking another victim for the industry in 2022.
New South Wales based Elderton Homes informed customers on Monday afternoon the business faced ongoing struggles, citing natural disasters and the nation’s economic conditions following the pandemic.
Dozens of building companies have either gone into administration or liquidation this year caused by a perfect storm of supply chain disruptions, skilled labour shortages, skyrocketing costs of materials and logistics, and extreme weather events.