Modular Builder Collapses – Construction Apocalypse

Tiny builder, entitlements paid, maybe not representative of the much, much larger whole. Sure, construction is in a hole, but when the current unprofitable houses wash out of the system, profitability will return.

Finally!! Time to detox the construction industry from all of these dodgy builders. Hurry up RBA get those rates above 10%

They're going on a Holiday and will come back when it's all better

Willoughby homes Pty Ltd in Nsw are in trouble too.

Just saw the bloke at Philip Island 🏝 and his wind turbine 😳 on some tv show . Note his house is covered with useless solar . This is a must see interview ! You won’t believe your eyes 👀 !

I had friends who worked for the ATO, They said they were BASTARDS TO WORK FOR.!!

I’ve been quoting all day today
And even I’m shock with my prices.
It’s really hard to predict how many days it takes to build something
And materials

I think the locked in contracts is the most important part.
Easier to go under and start again than honour cheap builds.
The modular home company looks like a half arsed product. We should look up how long they have even been in business for –

Edit: abn look up shows modular homes has been active since 2014.
A 75k debt to ATO and 120k to creditors just shows (to me) that the bloke couldn’t manage his money more so than closing due to rate hikes etc .
Just my opinion

The Govt(Ato)is sending these businesses broke.The same Govt that closed them down or made it hard for them to trade during the 'plandemic'.The same Govt that engineered the interest rates to nothing and encouraged a borrowing frenzy,which turned into a building frenzy which caused a shortage of Tradies and Materials.