Cashflow issues are being blamed for building businesses falling over.

The country's construction crunch may start to snowball, with more building businesses expected to fail.

Bayside Designer Homes is the latest, leaving nine Auckland housing sites unfinished.

AUT Professor of Construction Management John Tookey told Kate Hawkesby the industry uses borrowed money to do all the work.

He says as interest rates go up, it gets harder and harder and then payments get delayed, then you end up with companies struggling with cashflow.

LISTEN ABOVE

Cashflow issues are being blamed for building businesses falling over.
The country's construction crunch may start to snowball, with more building businesses expected to fail.
Bayside Designer Homes is the latest, leaving nine Auckland housing sites unfinished.
AUT Professor of Construction Management John Tookey told Kate Hawkesby the industry uses borrowed money to do all the work.
He says as interest rates go up, it gets harder and harder and then payments get delayed, then you end up with companies struggling with cashflow.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

Early Edition with Ryan Bridge

John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over (1)

A Russian drone has hit a train near the Ukraine-Poland border, moments after former UK Prime Minister Boris Johnson and other top European security officials had been present.

No one died in the attack, and all passengers were safely evacuated.

Johnson had been passing along the same line on a different train, returning from a conference in Kyiv.

UK correspondent Gavin Grey says there's plenty of speculation behind the motives of the strike, with Ukraine claiming Johnson's train was the intended target.

LISTEN ABOVE

A Russian drone has hit a train near the Ukraine-Poland border, moments after former UK Prime Minister Boris Johnson and other top European security officials had been present.
No one died in the attack, and all passengers were safely evacuated.
Johnson had been passing along the same line on a different train, returning from a conference in Kyiv.
UK correspondent Gavin Grey says there's plenty of speculation behind the motives of the strike, with Ukraine claiming Johnson's train was the intended target.
LISTEN ABOVE

Gavin Grey: UK correspondent on Russian drone striking train behind Boris Johnson and other dignitaries near Ukraine border

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ebdcd00a-c4cc-4990-b8fd-b4c40164b979/transcript

The UK's GDP grew by 0.4 percent in July, surprising economists after no growth was predicted.

The economic growth was driven by several key sectors, and boosted by more businesses investing in AI and data centres.

Business correspondent Vicky Pryce says the World Cup also helped contribute to the growth, with more people spending money in pubs and restaurants over the July period.

LISTEN ABOVE

The UK's GDP grew by 0.4 percent in July, surprising economists after no growth was predicted.
The economic growth was driven by several key sectors, and boosted by more businesses investing in AI and data centres.
Business correspondent Vicky Pryce says the World Cup also helped contribute to the growth, with more people spending money in pubs and restaurants over the July period.
LISTEN ABOVE

Vicky Pryce: business correspondent on the UK GDP going up by 0.4 percent

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/fa8ff6f7-82df-442e-b103-b4c40161e171/transcript

The City Rail Link finally launched over the weekend and it's set to bring extra foot traffic to Auckland CBD, but concerns have been raised over the potential risks.

National's promising a dedicated Auckland Transport police team if elected, pledging an extra $7 million per year through Budget 2027 to recruit the extra officers.

Auckland Councillor Alf Filipaina says this is the right move, and he's been consistent in saying that the community needs to be protected.

"We need to protect the community, in particular, within the CRL - along with the transport officers." 

LISTEN ABOVE

The City Rail Link finally launched over the weekend and it's set to bring extra foot traffic to Auckland CBD, but concerns have been raised over the potential risks.
National's promising a dedicated Auckland Transport police team if elected, pledging an extra $7 million per year through Budget 2027 to recruit the extra officers.
Auckland Councillor Alf Filipaina says this is the right move, and he's been consistent in saying that the community needs to be protected.
"We need to protect the community, in particular, within the CRL - along with the transport officers."&nbsp;
LISTEN ABOVE

Alf Filipaina: Auckland Councillor on the launch of the City Rail Link and whether extra police are needed

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/bca7d86b-6e55-4c8b-b958-b4c4015d2988/transcript

John Tookey: Prof of Construction Management says cashflow issues are being blamed for building businesses falling over (1)

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