A building industry association says the customers of a Victorian home builder in voluntary liquidation might have to pay more to get their homes completed.
Key points:
- The company owes $2 million to 200 unsecured creditors and has left 50 projects unfinished in Victoria
- The Master Builders Association of Victoria says customers might have to pay more to get builds completed
- The owner of Chatham Homes says market conditions led to the company’s demise
River Dale Building Group, trading as Chatham Homes, entered voluntary liquidation on Monday.
The AS Advisory has been appointed as liquidators of the company, which was the latest builder to encounter financial woes in an industry grappling with increased costs, cashflow problems and labour sho…
Read the full article at: https://www.abc.net.au/news/2023-10-04/victorian-builder-chatham-homes-enters-voluntary-liquidation/102933218