Australia builder collapse: rising costs, supply chain delays, labor shortage, demand drop

The firm, Porter Davis, had more than 1500 homes in progress in Victoria and a further 200 homes in Queensland.

• Porter Davis’s board said they regretted they could not find a funding solution for the group
• liquidators for the firm: "rising input costs, supply chain delays, labour shortages, and a drop in demand for new homes in 2023 impacting the Group’s liquidity Liquidity Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Liquidity refers to the extent of a financial instrument’s ability to be bought or sold without causing price fluctuations. Thus, if an asset is extremely liquid, it means one can trade that asset in the knowledge that one’s specific dealing won’t create significant movements in the market.This is because there exists such a large number of traders going both long and short, generating huge volume for that particular asset. Liquidity in the FX MarketTake the example of the foreign exchange marke Read this Term"

Piece is here in local media

Earlier re Australia:

• Commonwealth Bank of Australia expect an RBA pause at the April 4th meeting