A Melbourne building company has gone into voluntary administration, leaving a dozen projects across the city in doubt.
Arrow Building Group appointed an administrator, Hamilton Murphy’s Stephen Dixon on April 22.
A staff member declined to comment when reached by phone on Tuesday.
In the financial year to March 2025, more than 2,600 Aussie construction companies became insolvent for the first time, up 23 per cent from the year prior.
Daily Mail Australia has contacted Hamilton Murphy for comment.
What’s going wrong in the Australian construction industry?
Several well-known companies in the industry have collapsed, including Clough Group, Probuild, and Porter Davis Homes.
‘Australia’s homebuilding industry is characterised by low-profit margins and fixed-price contracts, meaning that there is little headroom or mechanism for builders to absorb pressures such as rises in material costs and labour shortages,’ explained Bradley Hastings, a building expert from the UNSW Business School.
‘This means that many homebuilders have been operating at negative cashflows, where suppliers don’t get paid, and projects are left…