Rise and fall clauses in building contracts are increasingly on the table as developers and builders team up to crunch the numbers to hold Australia’s teetering construction industry together.
But a significant risk remains from the sector’s most critical allies in the battle to prevail through the “profitless boom”.
“There is a risk that some of the important parties that make building work happen—and I’m talking principally about banks and other financiers—may not play ball,” Master Builders Australia chief economist Shane Garrett said.
TUD+ Member Only Content
Sign in to your TUD+ Account or join 50,000 property professionals who stay up to date with our newsletters and market trends with Australia's most trusted property journalists.