Metricon is a significant builder in Australia, accounting for 2.5 percent of all new homes. It has offices in New South Wales, Queensland, and Victoria and offers a range of home designs and home and land packages. The company has been in business for over a century and employs over 1,500 people across the country.
Is Metricon the Most Prominent Builder in Australia?
Metricon has suffered a string of problems this year. The company has cut almost one-third of its workforce, resulting in a decline in a new tiny home builder. It has also restructured its operations, affecting more than 200 jobs, primarily in front-of-house roles.
It has listed 57 display homes for sale across the country. The prices range from $650,000 to $3.2 million. Most homes for sale are offered on leaseback agreements, allowing buyers to earn up to 8 percent after selling the homes. However, buyers should be cautious about assurances from builders.
Metricon is a significant building company that has been the number-one builder in Australia for six consecutive years. It was ranked number one on the Housing Industry Association’s Housing 100 list, which lists the top 100 builders in Australia. Its impressive numbers in 2018 were boosted by the federal government’s HomeBuilder program, which made it Australia’s busiest builder.
As of April, Metricon is still the country’s leading builder. However, this title has not come without its problems. It has suffered financial trouble this year and is attempting to maintain its position. Its latest financial maneuvers won’t solve the construction industry’s underlying issue.