The collapse of Custom Home Builders in Melbourne
The collapse of custom home builders in Melbourne has been a major topic of concern in the news especially between 2020 and 2023, as several prominent builders have gone bankrupt or are faced financial difficulties. This has had a significant impact on the housing market in Melbourne, as the demand for custom-built homes has decreased and many homeowners have been left in limbo as their projects have been delayed or abandoned. You may now be looking for new home builders still in business in Melbourne.
Even those with a strong reputation and years of experience building new homes have been hit hard.
The collapse of custom home builders in Melbourne has had a number of negative consequences for the housing market and for homeowners. For one thing, the supply of custom-built homes has decreased, which has made it more difficult for homeowners to find the type of home they want. Additionally, many homeowners who were in the process of having a custom home built by one of these builders have been left in limbo, as their projects have been delayed or abandoned. This has caused frustration and financial hardship for many people, as they have had to find new builders or make alternative living arrangements while they wait for their homes to be completed.
The collapse of custom home builders in Melbourne has also had a wider economic impact, as it has contributed to the slowdown in the housing market. The decline in demand for custom homes has led to fewer construction projects, which has affected the broader economy and has had a roll-on effect for related industries such as materials suppliers and tradespeople.
Overall, the collapse of custom home builders in Melbourne has been a significant event in the news and has had a number of negative consequences for the housing market, homeowners, and the broader economy. It remains to be seen how the market will recover from this major, heart breaking setback, but it is clear that the situation will have long-term implications for the industry and the region.
Home Builder Collapse in the News
There have been several news articles that have covered the collapse of new home builders in Melbourne. Here are a few examples:
- “Melbourne builder Simonds Group lays off 10 per cent of staff amid construction industry crisis” (Adelaidenow.com.au, April 2023)
- “‘We are not villains’: Tradies reel from losses as builders go bust” (The Age, 5 April 2023)
- “Almost 2000 incomplete homes given lifeline after property developer’s rescue bid for collapsed builder Porter Davis” (Skynews April 2023)
- “Building industry ‘on the brink’ after two groups collapse in 24 hours” (Sydney Morning Herald Sun, 2023)
- Wulfrun & Westerport. (News.com.au July 4, 2022)
- Supply Problems for builders. (9News Dec 21, 2021)
- Hotondo Homes Hobart (news.com.au January 13, 2022)
- Langford Jones Homes Collapse ( The Age July 5, 2022)
These articles provide in-depth coverage of the financial difficulties faced by home builders and the impact on the housing market and homeowners. They also discuss the broader economic implications of the collapse of these companies and the challenges facing the industry as a whole.
If you’re wondering why there may be delays in building your home, you can read about what the Housing Industry Association has had to say.
Renmark Homes – Building in Melbourne and Now Geelong, Bellarine and the Surf Coast.
We have a long history of building new homes and Renmark Homes has been and still is a family run business. We are registered, HIA members and we only build custom homes with specific expertise in bespoke homes, dual occupancy homes, homes with basements and homes on difficult or sloping sites.
We have now expanded the areas in which we build, to now include Geelong, Bellarine, Torquay and the surf coast as well as our usual suburbs in North Western Melbourne and our home suburb of Essendon. Speak with your trusted home builder today on 1300 367 245.