Victorian builder's collapse comes amid slow signs of sector recovery
Melbourne-based Chatham Homes has collapsed, leaving around 50 homeowners in limbo, and coming at a time when an uptick in home approvals data suggests improved construction sector conditions may be emerging.
Victoria may be leading the charge with dwelling approvals but it was not enough to save Victorian builder Chatham Homes. (Image source: Chatham Homes website)
While building approvals home loan commitments have had an uptick, it’s too little too late for yet another building company that has gone under.
Fifty Victorian homeowners and 200 creditors owed around $2 million are reeling from the demise of Chatham Homes, which went into voluntary liquidation on Monday (2 October).
The Melbourne-based construction company, River Dale Building Group that traded as Chatham Homes, also laid off 16 staff. The c…
