They go broke because of fixed price contracts
Ie they quote 300k to build a house and make 80k margin but materials and wages costs go up 100k so by the time they build or finish the build there is no profit and possible a loss
Yes the spike in building also happened at the time gst was bought in, howard then brought in fhog and halved cgt to compensate
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- Solutions to House Price and Rental Crisis??(Ideas)
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