Second building company collapse of 2023 points to challenging times ahead
A second builder for 2023 has collapsed, with Queensland's LDC joining Melbourne-based Hallbury Homes on the construction casualty list.
Just days into 2023 and the signs of further dark months ahead for the building industry are already evident. (Image source: Shutterstock.com)
Less than two weeks into the new year and predictions of further turmoil in the construction industry appear well-founded, with the second casualty of year emerging in Queensland.
LDC Pty Ltd has folded, leaving almost 50 projects facing an uncertain future and creditors owed more than $7 million.
The luxury high-end builder, specialising in custom architecturally designed homes, was based in Rochedale
in Brisbane’s south.Employing 45 staff (…
