A 50-year-old construction company that accrued $20m of debt in the past two months has gone into administration. Company directors of Property Coordination (Australia) made the “soul destroying” decision to relinquish control and appoint RSM Australia Partners as voluntary administrators on Tuesday. RSM Australia Partners administrator Jonathon Colbran said evenContinue Reading
Sydney residents have been dealt a blow as the reopening of a popular beach has been delayed for the second time after defective work was detected. Shark Beach, at Nielsen Park in Sydney’s east, has been closed for rectification work since early 2022, after its 100-year-old seawall was damaged inContinue Reading
Australia’s first indoor ski resort has been green lit by the state planning department, with Sydney set to welcome a year-round snow field. Winter Sports World (WSW) on Thursday announced the Penrith site had been officially approved by the NSW Department of Planning and Environment. The project, which has beenContinue Reading
More than 50 creditors are owed some $1.2 million, and a job at an elite school was left unfinished after a Gold Coast construction company was liquidated. W3D Constructions Pty Ltd, owned by Ross Wolbers, the son-in-law of prominent Gold Coast developer Norm Rix, went into liquidation on December 7.Continue Reading
A home builder in Perth has gone under, one more company failure in a growing list that’s a cause for concern for the building and construction industry. Joondalup-based builder Intellibuild Constructions has had its registration renewal knocked back the Western Australian Building Services Board on financial grounds. While the company,Continue Reading
The collapse of three businesses owned by a longstanding Adelaide construction company has left around 136 staff without jobs. Anthony Phillips from insolvency firm Heard Phillips Lieberenz, with heading up the liquidation of Wake Concepts, Wake Carpentry and Wake Construction Group Pty Ltd, which are all owned by the WakeContinue Reading
South Australian building company Wake Concepts has collapsed, leaving a slew of unfinished projects and about 100 workers out of a job. On Wednesday, the business announced it would be “wound up” and Anthony Phillips from Heard Phillips Lieberenz appointed as its liquidator. A statement released by Mr Phillips saidContinue Reading
A NSW family has lost $59,000 in the wake of their builder going into liquidation. Chris Le, his partner, and both their sets of parents had paid a hefty deposit to Simone Homes to build them a house on a plot of land in Eagle Vale, in Sydney’s southwest. ButContinue Reading
A senior public servant has admitted she was “a little bit naive” to not declare a total of $3950 in donations to the Nationals. The appointment of federal National Party secretary Emma Watts to a previously unadvertised role as the NSW cross-border assistant commissioner has been probed in an upperContinue Reading
Tradies and homeowners have been left reeling from the news that a Sydney building company has gone bust. Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation. The family-run business was headquartered in Leppington in Sydney’s southwest and its liquidator is now Bradley John Tonks ofContinue Reading