Deal struck to have unfinished Nicheliving homes completed
A deal struck between the WA Government and debt-laden builder Nicheliving will allow customers to access home indemnity insurance, while the company will be deregistered for ten years.
This Willeton home, photographed this week, is one of many Nicheliving projects that has sat idle for years. (Image source: Kathy Ellis)
In a major deal struck on Friday (11 October) between the WA Government and troubled Perth builder Nicheliving, the builder will lose its building registration for 10 years and have its insurance liability – that could be as high as $40 million – waived.
Hundreds of customers with unfinished homes will now be able to access QBE home indemnity insurance worth up to $200,000, with other companies taking on the work.
Directors Ronnie Michel-Elhaj …
