Australia’s building industry is in crisis with yet another company going under and bringing in liquidators, leaving people with half-built homes and tradies chasing thousands for work already done.
Waterford Homes, based in the regional Victorian city of Geelong, announced today it had appointed the liquidator Ben te Wierik from BTW Advisory to deal with its collapse.
Dozens of tradies, subcontractors and homeowners have been impacted as Waterford Homes grapples with owing people hundreds of thousands of dollars.
Cost of living pressures, struggling global supply chains and increasing price of materials has thrown Australia’s building industry into crisis, with at least 12 going under since the start of 2022.
Constructions workers are seen onsite at The Ribbon project at…
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