A sign of the times to come? Building company in Queensland collapse...

A sign of the times to come? Building company in Queensland collapse... Featured

Metro Builders' collapse leaves families with half-built homes, tradies in debt, Will "Sydney see this soon"  A central Queensland man impacted by the collapse of a local building company says he did not know his family's half-built "dream home" would not be finished — until he read a note in the company's window. Metro Builders put the note in its Yeppoon office window over the weekend, informing people that its business had "become unsustainable". "Despite injecting personal funds and working closely with a financial advisor, we faced many challenges that were hard to overcome," the note read. Local man Luke Renshaw said he had so far paid the company $350,000 — including a payment of $80,000 just a few weeks ago — to build a new home with a pool and shed for his family in Tanby. "It's lucky we live in Yeppoon. We went down to the office and saw the notice on the wall," Mr Renshaw said. "But apart from that we've had no correspondence from Metro, nobody in the office to say they've shut, no email, call, anything."The company was officially put into liquidation this week. Master Builders' regional manager, Dennis Bryant, estimated at least 24 homes had been left in various stages of building. He said now the company had formally gone into liquidation those affected, including Mr Renshaw, could start assistance claims through the Queensland Building and Construction Commission (QBCC) to have their houses finished. "Our customers have always been the heart of our business."

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