Australia's dangerous apartment rot

As union activity drains Melbourne's apartment building system of liquidity, regulations encouraging flawed claims against builders are clouding the Sydney market.

A significant part of the slump in the fortunes of Australian smaller enterprises is the crisis that is developing in the Melbourne and Sydney commercial building industries.

In Melbourne the crisis is so bad that that everyone in the building industry is scared that the people they are dealing with will fail. In Sydney the problem could become just as bad, albeit for different reasons.

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