The high-profile collapse of construction firms including Probuild and Condev has led to hysteria around builders going bust. But in the cold light of day insolvency levels are still “historically low” and well-below pre-Covid levels.

Construction insolvencies were up 21 per cent in March this year compared to the same time last year when the moratorium on insolvent trading was still in place. 

But Construction Skills Queensland director of research Robert Sobyra says builders are now “facing the music” and the economy is normalising off the back of the pandemic.