Maria Tupou was having dinner with her husband, Sio, in April when he delivered some bad news.
Sio had just learned they could lose the $30,000 deposit they paid to construction firm Porter Davis to build their “forever home” in Wollert, a suburb in Melbourne’s outer north.
They signed a contract with Porter Davis in November 2022. Then, in March this year, before construction had started, the firm collapsed.
It was a huge blow for Maria, training to be a nurse, and Sio, who works in the construction industry. The couple had believed the insurance in their contract covered their deposit. “[But] when we attempted to make the claim, we were told there was no policy,” Maria tells ABC RN’s Life Matters.
“Porter Davis never took out the insuran…
Read the full article at: https://www.abc.net.au/news/2023-06-06/construction-industry-insolvency-crisis-hurts-home-owners/102390786