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1.Market Observations

23 July 2012 (The Age) – Industry gradually crumbling

(23 July 2012, The Age, BusinessDay, p1, Adele Ferguson)

‘AUSTRALIA’S building industry is in survival mode, with official statistics revealing that at least two companies a day are going to the wall as labour costs continue to rise, profit margins flatline and banks play hardball on funding.’

‘The latest statistics on liquidations and voluntary administrations show that since January 1 more than 363 companies in the building industry, excluding mining, have collapsed, more than 200 of them from New South Wales and 95 from Victoria.’



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