Building bust
There were 519 more construction insolvencies in the June quarter, with Victoria and Queensland notably higher than the prior year comparative figure.
Over the financial year there were 2,117 construction insolvencies, up by 75 per cent from an artificially low 1,284 last year.
Annual construction solvencies are now at decade highs, and they haven't peaked yet.
The heaps of pressures on builders and developers continue, despite the growing housing shortage.
The off thing is the demand for accommodation has never been higher, but it's just not profitable to build at today's prices.
Student visa applications continue to accelerate.
