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Covet’s Ever Art Wood and large marble tiles made up a carefully selected materials palette that aimed to deliver an expensive-looking luxurious finish to the lobby area of a stunning, 58-storey apartment tower in Melbourne.
As building companies such as Oracle continue to collapse, some people losing their dream of a new home are blaming over-committed builders chasing government stimulus money.
Queensland man Dale Liston only found out that Oracle Homes, who were building his house, had collapsed while browsing Facebook. Mr Liston said the builder had told him 'everything was fine'.
While about $1b of projects have been shelved so far, Tim Gurner and Sam Arnaout have appointed builders to Gold Coast projects worth almost $2 billion
Rising demand and a shortfall in new apartments are a boon for property investors who can pass on the cost of interest rate rises.