String of east coast builders fold or face collapse
More building companies have hit the wall or face a difficult escape act as the worst building sector conditions in 50 years take a mounting toll on the industry and home buyers.
Yet more home buyers are dealing with losses in the tens and hundreds of thousands of dollars in the latest spate of building company failures. (Image source: Shutterstock.com)
A string of east coast builders and home makers have gone into administration or are on the verge of formal collapse.
New South Wales’ Stevens Construction has gone into voluntary administration, Melbourne-based custom residential builder Holbrook Homes is teetering on the brink with still builds and mounting debts, and clients of jointly owned My Tiny Home Kit and Property Magician are victims of a disappearing act.
As the Australian construct…
