Another week, another construction company collapse — so do you have any hope of building a new home?

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As hundreds of property owners wait to see what will become of their unfinished houses following the collapse of Oracle Homes, we asked the experts what the future may hold.

abc.net.

Master Builders Queensland chief executive Paul Bidwell said he was confident there would be "pain" for the Queenslanders involved, butthe loss-making building boomMr Bidwell said trade and material shortages and cost hikes were still impacting all sectors of the industry, but there were pockets of improvement.

"Some builders are saying, 'Look, we think we're on top of all the material price rises' — others are saying, 'Far from it.'" "Really the government can lead the way here and look at compensating contractors for these price rises.Cashflow problems fading

 

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No thank you

You must be joking. Paying greedy builders to stuff up. How about protecting buyers' money. Why should builders get to risk it?

Any comments and support from the CFMEU it's their territory.

Only if you use candles.

Yup, I am waiting for the bottom. Been saving up. Not that this event is unpredictable - poorly thought out thought bubble from govt of the day.

What we need is a government-owned, taxpayer-funded home construction corporation to build free houses. The Australian Building Corporation?

it will be OK ALBO AIRBO will hold a summit for ya AlboMP

Another day, another demented SEO-inspired tweet from .

Australians are being destroyed by the Greens & Labor Government politicians - destroying wealth for average Australians, destroying their health through BS pandemic Scaremongering... they will bankrupt the country just like Sri Lanka!

No, the entire property market is going to collapse just a matter of timing now.

If we weren’t pumping land prices so hard, more of us could afford to build.

Lol, oh ABC, you think we can afford do actually buy a home, let alone build one?

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