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 firm Cor Cordis as the receiver.
It’s understood Mr Kaso has used his powers as receiver to take over a property asset of Construct Homes to recoup funds for the creditor he is representing.
In the weeks leading up to his appointment, one customer was unable to get in touch with anyone from the company, with the website briefly shut down and all phone lines going to an automated voice bank.
Construct Homes, registered to an address in Cranbourne West, has left customers in limbo.
One customer, Jason*, told news.com.au it was “a bit of a shock” to learn the company had gone into receivership, after he checked its status on ASIC following multiple emails and calls going unanswered.
“It’s a lot of disappointment,” the dad-of-one said.
“It was going to be our family home for us, we did a lot of research into finding the right builder and making the right decisions.
“We thought we were in a…
