Homeowners impacted by the collapse of builder Quattro are meeting tonight to discuss how their half-built homes could be completed. It comes as one property owner revealed he was asked to make significant payment, just days before the company went into liquidation.
Category
đź“ş
TVTranscript
00:00 Rick Brooke doesn't know when his Port Adelaide home will be completed.
00:05 Look, from my point of view, it's devastating.
00:08 You know, it was an emotional couple of days.
00:10 Mr Brooke is one of more than 200 homeowners impacted by the collapse of Quattro built this week.
00:15 He expects insurance, backed by the government, will provide him up to $150,000 in cover.
00:21 But with some of the work on his home needing to be redone, it's unlikely to cover his costs.
00:26 The one thing I am really disappointed about is that I was made to make a payment last week,
00:32 you know, which was a significant payment.
00:35 Quattro collapsed, owing creditors at least $4.5 million.
00:40 Coming in the aftermath of the failure of several other builders and suppliers, it's feared more may be on the brink.
00:47 Unfortunately, there's probably a matter of time before maybe, you know, another one or two, you know, don't make it.
00:53 The building industry and state government, though, believe the worst is over.
00:57 A lot of these are historical problems where there was a significant increase in supply and lack of labour and fixed price contracts.
01:04 But discussions are underway to see what improvements can be made to protect consumers and prevent similar building collapses.
01:11 Us and others and Consumer Business Services and the government will be speaking together on how we can perhaps do something in that space.
01:19 The hope for Rick and other homeowners here is that once their insurance claims have been completed,
01:24 other builders already on site will be able to step in and complete their properties.
01:30 There is a lot of good builders, there's a lot of good trades.
01:32 Unfortunately, you know, we're a victim in this particular project, but look, hopefully there's some learning from this.
01:40 Mr Brook will meet with the developers and fellow homeowners tonight to discuss a potential way forward.
01:46 forward.
01:46 [BLANK_AUDIO]