Latest figures show July 2021 saw 72 construction companies across Australia entering external administration, much fewer than usual for this time of year.
July is normally the busiest month of the year for construction insolvencies with an average of 145 construction companies entering external administration each July since 2013.
The July 2021 figure was still higher than 12 months ago, but insolvencies fell sharply compared with June 2021.
Construction insolvencies in Victoria fell by 30.8 per cent for the month.