To dismiss the wave of construction insolvencies washing through the Australian Capital Territory as just a symptom of a normal boom and bust cycle is both a gross oversimplification and deeply disingenuous.
Yes, whenever demand for homes heats up and high margins are on offer, it is natural that building startups will flourish. And then, much like what happens when Lake Eyre dries up, those who flocked to the water hole move on to greener pastures.
