The high-rise apartment crisis is has spread to construction companies, which are going bankrupt at a record rate across New South Wales. From The ABC:
New figures show the housing slowdown is biting NSW hard, with the number of construction companies going under last quarter hitting its highest level in almost four years.
The statistics, provided by ASIC, show 169 NSW-based construction companies went into administration, receivership or a court-ordered shutdown in the June quarter — the highest number since the September quarter in 2015.
