A story of missed opportunity is unfolding for builders in the greenfield sector as the cost of constructing or purchasing a home reaches tipping point.

The fallout from Covid—and the policy decisions that followed—had a devastating impact on builders and developers in this space, and the echoes contine to be felt.

According to ASIC, the construction industry accounted for 28 per cent of all insolvencies in the year after the pandemic, including major players and household names.