More builders hit the wall, further industry pain expected
The collapse of Adelaide's 7 Star Construction, Queensland's Chelbrooke Homes and two Perth builders are the latest hits on an embattled building industry.
Chelbrooke Homes had prided itself on its home builds on unusual and sloping blocks of land. (Image source: Chelbrooke Homes)
Well established building companies in Adelaide, Gold Coast and Perth have entered into administration, leaving more disgruntled customers with half-built homes and progressive pre-payments in limbo.
South Australia’s 7 Star Construction and 25-year-old building company Chelbrooke Homes, which operated in Brisbane, Gold Coast and northern NSW, have called in liquidators.
The Queensland firm had once completed $24 million worth of work in a year…
