Michael Caspaney News Today

Another construction company has gone bust leaving behind close to 40 unfinished homes and debts of around $1.5million.

The premier has announced a $15m rescue package for insured customers caught in the Porter Davis collapse. But for those left thousands of dollars out of pocket from the demise of Hallbury Homes, there is nothing.

The five-bedroom home in Melbourne’s south-east was supposed to be a symbol of the family’s success. Now, their builder is in liquidation, and it’s unclear if their cash will be returned.

The five-bedroom home in Melbourne’s south-east was supposed to be a symbol of the family’s success. Now, their builder is in liquidation, and it’s unclear if their cash will be returned.

Barely a week goes by without another Australian building company going under and there is no sign of the carnage stopping any time soon - and these collapses affect everyone in one way or another.

Six years after laying the foundation for their dream home, an Aussie couples life has turned into a nightmare as the art deco house remains unfinished, over budget and riddled with problems.