Buckeridge family business BGC has set a timetable to complete its remaining residential projects in early 2027, and has flagged a potential $770 million payout as it moves to exit homebuilding.
The company’s decision to finish its last house builds in early 2027 comes almost four years after it began stepping away from the residential sector it once dominated in Western Australia.
BGC will complete the projects already under construction through that timetable, effectively marking an end date for the firm’s direct involvement in new homebuilding activity.
The group also signalled a possible $770 million payout as part of the wind-down. Details of the payout were not specified in the available report.
BGC’s withdrawal removes a long-established builder from the WA housing market, where the business had been a significant presence for decades.
The company’s move is likely to alter work flows for subcontractors and suppliers that have depended on BGC for trade and procurement, and change competitive dynamics among remaining major builders in the state.
For households and homebuyers, the impact will depend on how other builders and developers absorb the projects and labour previously handled by BGC, and on the broader trajectory of housing demand in WA.
The firm’s timetable gives the market clarity on when its last on-the-ground residential projects will wrap up, allowing councils, trades and developers to plan for the transition.
BGC’s decision follows a period in which the company progressively reduced its exposure to homebuilding, focusing resources elsewhere in its diversified operations.
Completion of the final homes by early 2027 will mark the close of a significant chapter in WA’s residential construction sector and begin the practical process of settling outstanding obligations tied to those projects.
The company has not released further specifics about the payout or the operational details of the wind-down in the material reviewed for this story.
Category: Business
