Melbourne builders left naked as housing tide goes out
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In a taste of things to come, award winning builder, Bayside Construct, has gone into voluntary administration, which follows a series of similar failures. From The AFR:
Melbourne builder Bayside Construct, which won a national award last year for the country’s best medium-rise residential development, collapsed last week under debts of about $20 million.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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