More than 60 buyers in a Southport apartment building are no closer to knowing if they’ll ever move in, four months after a major builder went into liquidation.
Kathleen Skene follow 2 min read August 6, 2024 - 4:00PM
Gold Coast Bulletin
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More than 60 buyers in a Southport apartment building are no closer to knowing if they’ll ever move in, four months after their builder went into liquidation.
Waverley Residences was originally due for completion in May 2022, but was plagued by repeated delays and price increases before the eventual liquidation of Descon Group Australia in May this year.
Lenders for the project, Austar Finance, appointed receivers soon after to secure their investment with development company Busikon, which shares a director with the collapsed builder.
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