Brisbane builder on brink of collapse owing $782k, restructuring partners appointed, license suspended

A Queensland builder owing almost $800k did one thing that left other workers infuriated, with one declaring “it boils my blood”.

Alex Turner-Cohen Follow @AlexTurnerCohen 3 min read May 30, 2024 - 10:44AM News.com.au

EXCLUSIVE

Tradies and homeowners are nervous that a building company is on the verge of collapse after the construction firm lost its licence and appointed restructuring partners.

The state building regulator, the Queensland Building and Construction Commission (QBCC), suspended the licence of Preferred Homes earlier this month, on May 7.

Brisbane-based Preferred Homes had racked up quite a record prior to that, including non-payment of debts and failure to comply with an audit.

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