Australian Property Investor

Australia’s largest building company, Metricon, has denied reports it is facing insolvency or at risk of joining a long line of major builders to go into liquidation.

Executives from the company are meeting with the Victorian Government on Thursday (19 May) to discuss the $195m worth of contracts it has with the state government,

As well as the five-year deal with the state government to build and maintain public housing as part of Victoria’s “big build” infrastructure program, the company has 4,000 residential homes under construction.

To read the full article, including comments from UDIA WA CEO Tanya Steinbeck on the state of the land sales market, click here.