More builders are collapsing as consumers fight to fix their homes | The Business | ABC News

2024 was supposed to be the end of what building industry pundits have labelled as a "property cyclone". Subscribe: ab.co/1svxLVE
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But even if the eye of that cyclone has passed, savage storms continue to wreak havoc on Australia's $270 billion construction sector.
There are calls for greater protections for consumers and subcontractors.
One suggestion from Perth developer and industry veteran Nigel Satterley is for consumer deposits to be placed into a regulated trust account, which already happens in the case of developers, but usually not with builders.
Without changes, the industry fears the housing crisis could get worse.
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