Chanticleer
CSR boss bullish despite construction squeeze
Rising costs have put the construction sector under severe pressure, but CSR boss Julie Coats sees 18 months of strong demand.
The brutal squeeze on profit being faced by the construction sector has been one of the few air pockets in Australia’s white-hot economy over the past 12 months, with the combination of surging construction costs and the sector’s obsession with fixed-price contracts sending builders to the wall.
Last week’s collapse of Melbourne developer Caydon Properties came after a slew of failures across the industry, from volume home builder Pivotel Homes to commercial developer ProBuild.
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