WATCH: Why WA is BRICKING IT over $32m loss

There are rising considerations that the development disaster engulfing WA may declare one other high-profile sufferer.

Brickworks, Australia’s largest brick maker, has revealed it misplaced a whopping $32 million in WA and is now contemplating exiting the State in a “Brick-xit”.

This newest blow to the trade comes after a number of constructing firms — together with Probuild, Pindan, Jaxon Construction, Firm Construction, Hamlen Homes and New Sensation Homes — folded in latest months blaming points together with the hovering price of supplies and scarce labour.

“Considering 90 per cent of new houses in WA are built with brick, a Brick-xit by Brickworks could be a big problem for WA’s housing market,” says Grafa’s Sarah Hughan on the newest episode of The West Australian’s finance present Trading Up.

Could this be one other brick within the fall of a as soon as flourishing trade? Let’s hope not.

Also on Trading Up, how official outcomes reveal you’re getting much less bang to your buck, why Aussie inventory Weebit Nano is being flagged because the ASX “darling” of the yr and the way the worldwide banking issues have helped a resurgent Bitcoin.

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