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As someone who works in the insolvency industry I can tell you the only boom in the home construction sector in NSW is in insolvencies. Lots of builders going under.

Still building: New home sales slumped in January, posting their biggest ever monthly fall since records began in October 2000, a survey of Australia’s 100 largest builders shows. Sales of new homes fell 7.3 per cent in seasonally adjusted terms in January this year, dragged lower by a...