A Ballarat-based residential home builder with 20 full-time staff has entered voluntary administration after nearly 30 years of trading.
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A part-owner said Bond Homes’ 20 full-time staff had been paid their full entitlements
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He said fixed contracts in an era of rising materials costs and labour shortages had sent them under
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Its clients were worried about the future of their home-building plans
Bond Homes built transportable homes in its Ballarat yard and had 16 homes under construction, with four of those ready for handover.
Part-owner David Rowe said he was devastated.
“I have put my life into the businesses. I just feel really numb,” he said.
“It is the end of the business, unless someone comes along with a cash injection.”
Volun…
Read the full article at: https://www.abc.net.au/news/2023-08-01/bond-homes-ballarat-under-voluntary-administration/102673076