Yet another building company has collapsed, making it the fifth building company this week revealed to have gone under amid an industry-wide crisis. News.com.au can reveal that on July 11, Melbourne-based residential builder Construct Homes Pty Ltd went into receivership. Oak Capital Mortgage Fund appointed Sam Kaso of insolvency firmContinue Reading
Homeowners and tradies have been left reeling by the news that yet another construction firm has collapsed, leaving them thousands out of pocket. On Monday, NSW building company Allura Homes Pty Ltd went into liquidation. The firm, which was based on Sydney’s lower north shore in Lane Cove, had 39Continue Reading
Yet another Melbourne construction company has collapsed into liquidation, as casualties pile up in the sector. News.com.au can reveal that earlier this month, Narre Warren-based residential builder Kleev Homes Pty Ltd went into liquidation. Travis Pullen of insolvency firm B&T Advisory is the appointed liquidator. ASIC documents obtained by news.com.auContinue Reading
A Melbourne family are celebrating the news their builder has gone bust, finally giving them hope of finishing their partially-built home. Last Friday, Melbourne-based bespoke building company Avra Group (Aust) Pty Ltd collapsed into liquidation. It’s a relief for David Favretto, 45, and his family, who have been in limboContinue Reading
Building companies are dropping like flies and two more have collapsed just days apart, leaving homeowners and tradesmen reeling. On June 26, NSW-based luxury builder Millbrook Homes collapsed into liquidation owing more than $4 million to roughly 80 creditors. Then just four days later, on June 30, Victorian residential constructionContinue Reading
A building company has closed down its social media accounts and switched off its phone lines just days before a definitive court case could order it into liquidation. Como Homes is a residential builder based in Dandenong in Melbourne’s southeast which has been a registered business since 2017, according toContinue Reading