Warnings over off the plan buying as Australian construction companies collapse

A number of Australian construction companies have collapsed in recent months and experts have been warning of more to follow.

Last month Gold Coast-based construction company Condev Construction went into liquidation, not long after construction giant Probuild which was in the middle of a 264 luxury apartment build in Brisbane collapsed.

Another construction firm this week has joined the growing list with Home Innovation Builders calling in the liquidators.

The growing cost of building supplies and labour has contributed to many of these construction company collapses as many of the planned projects didn't predict such significant increases to costs, with many already pre-selling at set prices off the plan.

Have you purchased property off the plan previously? Do you have anything to share with members interested in buying off the plan?

1 comments

Anyone that purchases a property off the plan is looking for disaster!

Would not have a bar of it, very dangerous thing to do.

Agree Celia ... so many opportunities for things to go wrong.

Yet another example ...

Sydney property development with no sewerage connection turns dream into nightmare

https://www.abc.net.au/news/2022-02-23/sewerage-connection-delays-sour-property-dreams-at-torana-estate/100847266

1 comments



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