Metricon Homes to hold crisis talks amid spike in material costs

Australia’s largest homebuilder Metricon Homes will hold crisis talks with Government this morning over rising costs of materials and delays.

The Melbourne-based company is reportedly set to meet with Victoria’s Treasurer about the spike in material and labour prices, as pressure mounts on builders struggling to meet fixed contracts.

Despite the talks, Metricon’s acting chief executive Peter Langfelder has denied the company is on the verge of collapse.


“There is simply no basis to these rumours. Metricon is a strong viable business without any solvency problem,” he said in a statement.

“The biggest challenge Australia faces is to get more homes built for more Australian families and as the biggest home builder in the country we are the ones to deliver.

The turmoil comes just days after the sudden death of Metricon founder and chief executive Mario Biasin.

“We are dealing with ‘business as usual’ issues sensitively because of Mario’s sudden and untimely death,” Mr Langfelder said.

“Mario was much loved and admired and his loss has been heartfelt by many of the Metricon family. No one plans for these things.

“I ask for patience and consideration from our customers whilst our executives and staff deal with their loss.

“We are focused on the business running as smoothly as possible, servicing all our customers and continuing to get homes to site and completed on time.”

Metricon Homes is the largest residential builder in Queensland.