A Melbourne family are celebrating the news their builder has gone bust, finally giving them hope of finishing their partially-built home.
Last Friday, Melbourne-based bespoke building company Avra Group (Aust) Pty Ltd collapsed into liquidation.
Its a relief for David Favretto, 45, and his family, who have been in limbo all year as they waited for Avra Group to uphold their end of the building contract.
The red flags started to pile up, the dad-of-three told news.com.au.
The homeowner is hoping his family will be eligible for an insurance payout, which is automatically triggered when a building company appoints liquidators.
But the situation is made more complicated by the fact he terminated the contract prior to Avra Groups collapse.
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Read the full article at: https://www.news.com.au/finance/business/other-industries/melbourne-builder-avra-group-collapses-into-liquidation-customers-900k-home-in-limbo/news-story/4aad87affe6d039e68b6db5ad06346ca