Snowdon Developments News Today

As Greek Australians know, owning your own home is the core of the great Australian dream. Hundreds of thousands of Greeks left the ashes of a war-torn Greece to settle here, they worked hard and bought a house, it anchored them and their families, and provided a future for their children.

The state government will extend the Porter Davis support scheme to other clients of collapsed builders who were left significantly […]

The Andrews government is expanding its support to more Victorian home buyers who have been left “out of pocket” due to the collapse of builders.

The collapse of Porter Davis Homes leaves 1,700 buyers with unfinished builds, while some subcontractors, including bricklayers, plumbers, plasterers and painters, have not been paid since before Christmas.

The Urban Developer digs deep into the construction crisis and learns what the situation is right now, why we are where we are—and where it is all headed…

The demise of Australia's construction industry was caused by speculation and greed, major developers argue, with more builders tipped to collapse over the next 18 months, leaving consumers in significant trouble.

Liquidators claim a major property group took deposits from hardworking Aussies as commission fees after a construction firm collapsed - with more than $30million owed to creditors.

The Reserve Bank of Australia warned in October 2019 the construction industry was going to go bust after enjoying a boom between 2012 and 2017.

Building firms are crashing, throwing countless workers out of work and owing millions of dollars to home buyers, contractors, suppliers and workers.

Another major property developer has collapsed into receivership, threatening the redevelopment of the $600 million historic Nylex site on Melbourne’s Yarra River.