These houses in Adelaide’s south may look abandoned, but in fact the group of 20 homes has never been lived in.
Key points:
- South Australia has a mandatory building indemnity insurance scheme
- It is designed to protect home owners when issues arise with building work
- But some South Australian home buyers are falling through the cracks
The unfinished housing estate at O’Halloran Hill was left at a standstill following the collapse of Felmeri Homes in July.
Further west, another homebuyer is in limbo after a separate builder went into liquidation.
South Australia has a building indemnity insurance scheme, which is designed to protect consumers in such situations.
“As the housing crisis continues it is not inconceivable that there won’t be other …
Read the full article at: https://www.abc.net.au/news/2023-09-05/building-indemnity-insurance-south-australia/102678076