Gold Coast construction company Pivotal Homes, which has built more than 1,500 homes during its 15 years of operation, has been placed into liquidation.Its director says rising costs have made operations unviable"Unfortunately, the rising costs which are impacting many in the industry throughout Australia have made our operations unviable," managing director Michael Irwin said on Thursday afternoon.
"We are absolutely devastated for our 16 Pivotal Homes employees and assure all creditors, contractors and subcontractors have been paid in full."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Dodgy and dodgy bros let us screw it up for you
It's not rising costs that are the issue, it's the market forces that push down demand.