Aussie Families Left Deserted After Builder Collapses
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- Опубликовано: 22 апр 2024
- A year after one of Australia's largest builders collapsed, the Aussies who put their faith and money into Porter Davis are still battling to move into their homes.
#PorterDavis #Construction #HousingCrisis
I will bet these CEO's all go to sleep in their nice homes owned by their wife's
There are loopholes in this system, those who come in power try and convince that this democratic system is the perfect system while as a matter of fact, it is totally flawed and full of problems.
The system favours the corporations because their political campaigns are funded by them.
Things are only going to get worse.
Absolutely many live here in Warranwood/Park orchards in 5 Million homes.
"Wives." Wives is the plural of wife.
Ama how about the politicians who get their cut from these CEOs... they too go to sleep in their lavish homes.
Even the building companies that are not at risk of insolvency are not producing homes that are fault free because they are using lowest cost subcontractors that then cut corners so they can make a dollar.
The governments in a mad hurry to build another One hundred thousand homes in the next 2 years, problem is most of the new builds these days are non-compliant. The VBA needs a royal commission all their inspectors are signing off on substandard builds. Sort out the VBA first then worry about mass residential builds.
2 stop all these problems ban pre-sale only completed homes....
So you could never buy a bit of land and get a house built then.
@@Robert-cu9bm no different than buying a completed house...I bought a pre-sale house, selected the site n house design , developer/contractor built, i got loan n in 34 months moved into completed house....5 yrs later b 4 crash sold n downsized....made obscene profit
I bet most people will watch this and think the solution is more laws.
The core issue is the complexity of the legal system. The more complex; the more power elites have in the courtroom.
My friend lives in a Porter Davis built house no joke the house fell apart within the first few days of moving in, taps in the shower getting jammed, doorknobs coming off the door, heating in the house playing up.
Thats Terrible. Lot of the new builds these days are non compliant.
i know someone who cleans houses for a living. she says the modern day houses are rubbish. such poor quality.
@@jpgrygus Overpriced and low equality built with cheap materials and charging clients a fortune is what most home builders do these days
It is going to get worst, little or no effort so far by the State Government to weed out errand ‘builders’, they just fold their companies and start a new one, leaving families, owners, sub-contractors in limbo. Perhaps the best way is to uproot and go to Japan, purchase a $1 Akiya (abandon home), renovate and forget about building in Australia. Who can you trust? Victoria/Federal government?
no they dont there less building companies in 24 months labor turd
Because people are getting wise to builders being shonky they are not building 🤔
Builders get away with it all the time, they declare bankrupt and then start another business.
House building business is likely a total scam. Homes of 5 inches walls of b grade bricks and fibro costs a fortune!
Building a house is no longer practical.
Building contracts are a joke. Customers continue to get variation cost invoices regularly despite signing a fixed price contract.
Homebuyers should consider buying established homes as eventually it costs the same and is less stressful.
Variations are because of variations to the contract.
IE: products and services that are not included in the contract.
If I bought the cheapest car, I can moan because they want to charge me extra to put the leather seats in.
Builders sit on a computer, convincing themselves its only a few tasks, it should only cost X amount of dollars, and thus that leads the search for the contractor who fits the price.. In the builders mind he thinks he is paying for a perfect job, but in the contractors mind he is taking the job to stay afloat..
Spot On 💯.
The owner to be come builder means the owner bearing all the cost with out knowing about the industry how can you be come a builder.
Part of the problem is we are still building homes in a very labour-intensive manner when we have shortages of labour. Many countries have stopped making homes the way we do in Australia and have the homes partially or fully built in a factory as modules first. Basically, Australian builders are trying to fit an elephant into a milk bottle and going broke trying to do so. Let me put it this way, if we built jet liners in this manner, we would be paying $10k for an economy ticket from Sydney to Brisbane.
a state-established law that the buyer pays for the product only after it is finished. The money for the purchase should be on deposit in the bank during construction.
Collapses left, right and centre.
The builder
should be jailed for life
for stealing their money
the government steal the builders money
If you become the owner builder why pay builders??
If you're looking at buying a new home, your best bet at the moment is to buy a spec home.
I am so sOrry❤❤❤❤
just consider this a painful reset guys cause what these builders were doing wasn't sustainable we'll get into a better spot in the end but for now its a painful course direction
How devastating for this couple. All dreams shattered. Hope they are paid insurance out.
Eight Homes / Mahercorp were worse. They went into Voluntary Administration. During the time they were supposed to be not acting as a company, the wrote to all customers offering to build their homes if they accepted a 6% increase on their total building costs. They explained if this didn't happen, they'd be forced into bankruptcy and noone would get their home built. Most agreed but some customers were close to the completion and didn't want to pay 6% of the total price and many had their banks refuse to extend the loan to cover the 6%. Eight Homes started back up but didn't reemploy a Maintenance Department. Many of us have building issues that require fixing and Eight Homes isn't communicating on these issues.
Builders push the price down and are left with houses that are constructed by people with no experience.. Builders want all the profit yet doing half the work.. Builders know very well they select lower grade contractors solely on the basis of price..
Because customers want everything for nothing.
If the profits are so high, why are they going bust🤔
@@Robert-cu9bm lets bring it down to lifestyle.. most builders even as employees are taking home $3000-4000 per week in the hand.. you tell me what the issue is..
@@Robert-cu9bm franchise going bust aswell 24 months
@@jfern6673 subaru franchise closed in linfleld so i have to go to waitara to service my car 10km away
What price certainty ? perhaps a way forward is that a trustee company is advanced funds by the bank, the trustee has a works superintendent, to verify against contract, then pays-when-done over 15 payments. The building contract contains several hold points under an inspection test plan ITP, that are to be met for a payment claim to be made. Part of the ITP will have to be ticked off by a building inspector say 15 times along the away. This will produce a progress control tracking line with15 points at which to fix a problem and if work done correctly, a better matching cash flow against progress will reward the builder. The building contract itself will have cost plus or formula to arrive at a contract price, that is compared to current scale to make sure its viable. We should add up the actual costs of what we now see, including insurance claims, broke trades, disrupted families, pain and suffering and loss of faith and compare to a new system using a pay-when-done method - trust, but verify & show me, don't tell me.. It all comes at a cost - I guess it's a choice between more cost along the way, with a better quality result and surety. Much better way than the heartbreak we now see. your comments please ..
Crikey! This makes me feel as cross as a frog in a sock, mate!
how this happens in Australia is beyond me. this is 3rd world standard. the buyer has zero protection on a big investment. joke.
Maby owner building isn't a big risk after all
And state and federal governments continue to play Nero's fiddle while thousands of new home owners are thrown under the builders bus. Total failure to properly regulate by the goverment agencies that are supposed to be lookng out for their interests. The fish rots from the head.
I bet all these people moaning now about firms going bust are the same people who said they need to be closed for months in 2020.
What did they think will happen to companies when you force them to close, they still have outgoings every month.
Cherry-picking aren’t you? What about being bound to a fixed price by contract while supply costs soared? etc etc.
@@didntlistendadare you a builder?
@@Tony-eb5kh relevance? I do have direct knowledge yes. But the point stands on its own regardless of the background of the writer.
@@didntlistendad
Exactly my point, they wanted everyone to shut which caused costs to rise.
What did they think would happen to companies.
@@Robert-cu9bm they were dealing fast with a once in a century pandemic. The virus was atypical, adapting rapidly through mutation. Australia focused on keeping people alive. Remember Trump’s hamfisted, slow response cost 8-900,000 innocent lives. So much pressure on the authorities to make serious choices. And yes there is a price to pay for every choice. And we are all paying a price. But are alive to do so. Supply chain issues continue. Labour shortages continue. A bit of price gouging by companies seeking to squeeze out extra profit to ‘compensate’ for Covid losses. These are washing through, still.
Hi all voluntary liquidation should allow only if they are able to fulfill the debts and obligations. If they just walk away means all cuz n supplies are in trouble
PD were famous in the industry for having coke snorting execs and being riddled with nepotism, just a sleazy work culture... so its no surprise they lost focus on simply running a business the right way.
Print more money & create more inflation eventually high interest rates to tame the inflation
2142 construction companies declared bankruptcy for the last 7 months
High material price
High labor costs
High interest rates
Becoming a 3rd world country
They don't want the housing market to crash.
Albo couldn't care less! He owns 9 properties so stuff everyone else!
It is far safer and far less hassle to owner build your own house. Plus, you can save a fortune, so long as you are smart enough to not get scammed by unscrupulous trades people and the government. Apparently, these days Australians including this video maker all want to scam each other. I am glad that I am now retired and can tell everyone to get screwed.
Yes, but all risk is on you.
If the contractors don't build to code, it's at your cost to get it up to code.
if you are owner builder , I think you still need a licence for it , at least in QLD if I am not mistaken , you have to get one from QBCC, but yes it can save a fortune and you just need to carefully pick trades people who are good in their field ( like good waterproofer, tiler, roofer etc), its tiring because you are the one who will be site supervising during the construction as well for quality control. Owner builder also need to have good understanding of building codes like AS ( Australian Standards) and NCC ( National Construction Code), that way you will know if the work is compliant or non compliant as per the standards.
Your comment is way off base. Probably being retired you have lost some sense of reality.
building licences get more expensive that government greed at fault
I just finished my new house as an owner builder. I can say from experience that most people would NOT find it easier or less stressful.
I certainly saved a lot of money but I also took on a lot of risk and the associated stress. I wouldn't do it again or recommend it to other people.
Perry Homes aren't much better than this (NSW).