Another builder folds as approvals hit 12-year low
The building industry appears set for a daunting 2024, with the collapse of the Rork Group coming as dwelling approvals plummeted to lows not seen for more than a decade.
Rork Projects worked in the commercial sector, doing refurbishments with the government, the health and aged care, hospitality and education sectors. (Image source: Rork Projects)
A national builder with 63 projects throughout New South Wales, the ACT, Victoria and Queensland has lapsed into administration.
The demise of the Rork Group, which comprises Rork Projects (Holdings), Rork Projects (QLD) and Rork Projects, comes as total dwelling approvals fell to the lowest level in 12 years.
The building approval figures released by the Australian Bureau of Statistics on Monday (4 March) underlined the difficult circumstances…
