Courtesy of Mish.
Since June, at lest six home builders in Australia have gone bust. Builton Group is the latest, with 80 Homes in Limbo.
Burswood-based builder Builton Group, which trades under the brands Platinum Homes and Aspireon Homes, seems poised to join the growing list of residential builders in Western Australia gone bust.
WAtoday understands around 80 homebuyers could be impacted, with approximately 50 homes under construction and around 20 to 30 at the pre-start stage.
Calls to its offices on Friday went unanswered – and WAtoday understands the company’s staff, up to 90 people, had been told not to come to work on Monday.
The expected closure comes two months after Collier Homes went into liquidation in November and high-end builder Quattro Homes being placed into administration in September.
Pitaro Homes and Nominated Homes went into liquidation in August following the collapse of Geraldton-based builder Shane Crothers Homes in June.
Out of Business
- Builton Group
- Collier Homes
- Quattro Homes
- Pitaro Homes
- Nominated Homes
- Shane Crothers Homes
@ProfSteveKeen Another Australia Home Builder Goes Busthttps://t.co/zkAoMhUFdH
It happens every cycle. Builders build until they go bust.— Mike Mish Shedlock (@MishGEA) January 24, 2017
Mike “Mish” Shedlock
