Metricon collapse

Metricon might have denied rumours it is facing collapse – but it has done little to allay fears Australia's construction industry is at breaking point.

“Because you think, ‘what’s gonna happen next’? And then now you think, ‘am I gonna get a home? Stream more business news live & on demand with Flash. 25+ news channels in 1 place. New to Flash? Try 1 month free. At a housing industry event on Thursday, Westpac chief economist Bill Evans said a “a very major correction” was already happening within the industry in the wake of a peak in interest caused by the government’s HomeBuilder scheme. “It’s been a rollercoaster ride to say the least,” Mr Biasin said at the time. Metricon founder Mario Biasin opened up on the “rollercoaster” of struggles plaguing his company months before his shock death this week.