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Most Mahercorp customers will have to pay 6.5 per cent extra to get their home finished. However, it’s not yet known when builders will return to finish building more than 700 homes.
Builder Rawson is getting by with the backing of its parent company Daiwa, but some companies are still trying to go it alone.
It’s not yet known who would have to bear the costs of a turnaround and whether customers would have to pay more on fixed-price home building contracts.
The RBA Governor has a gamble on his hands: does he need to raise rates again or has he already done enough?
Another Victorian building company has gone bust, weeks after the collapse of one of Australia's largest home builders, ...