A total of 18 businesses under WHBO, amongst which includes Australian construction giant ProBuild, have entered into voluntary administration after their parent company pulled financial support. The decision comes after a slew of COVID-impacted project delays, with a ProBuild project in Queensland haemorrhaging $120 million due to unplanned COVID restrictions, supply issues, labour shortage, and rising costs.

“The Australian government’s hard-line approach of managing COVID-19 through a combination of border restrictions, snap lockdowns and mandatory work-from-home regulations for many sectors, has had a considerable impact on property markets as well as other industries such as the leisure industry,” a WBHO spokesperson said.

As the lag effects of COVID catch up to industries, further disruption can be anticipated.

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