There Are Rumours Another SA Home Builder Is About To Go Bust

May 23, 2019


Another South Australian home builder is rumoured to be about to go under following a “tough six to 12 months” for the industry during which six builders have gone out of business.

FIVEaa Breakfast’s Will Goodings said during Thursday’s Breaking @ 8 segment:

“The construction industry is rife with rumour that there is another one that is set to join them. We’ve been making phone calls over the last 24 hours to confirm that there is another major builder that will be joining them.

“As we understand it there will be people who are in different stages of having their homes built that are going to be left in a very difficult situation.

“There is another that will be announced shortly in another blow to South Australia… clearly the industry is going through a difficult time. We are making calls to put us in a position to announce who that is and we’ll continue to do that over the course of the next day.”