September 21, 2023 By subbiesu Leave a Comment

Meriton Apartments is the busiest builder in Queensland as new homes starts plunge

Queensland builders have been hammered over the past year with new home starts plunging 11 per cent and almost all the big firms losing ground. | SEE THE LIST

Chris Herde Follow@ChrisHerde3 min read September 21, 2023 - 3:57PM The Australian Business Network

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Billionaire Harry Triguboff’s apartment powerhouse Meriton was the busiest builder in Queensland over the past 12 months when new dwelling starts plunged 11 per cent in the wake of construction cost increases and interest rate rises.

The HIA-Colorbond Housing 100 ranked NSW-based Metriton Apartments the top builder in the Sunshine State with 1341 home starts in 2022-23 compared to 757 in the previous year when it was in fifth place.

Apartment specialists Hutchies was second with 1332 new starts, after being first last year with 3003, while Metricon Homes fell to third from second last year, Henley Properties trading as Plantation Homes rose five places to fourth and NXT Building Group dropped back a place to be fifth.

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SubbiesUnited is not “anti builder”, we support strong builders.
We are “anti theft” of hard working subbies money.

It’s not just about the builders who go broke, businesses all over Australia Liquidate every day for a variety of reasons.

It’s about the ones that engage in calculated criminal behaviour such as providing false information to the regulators or inducing subbies to work on a site when they know they cannot or are not going to pay them because of a fraudulent scheme. Its about the participation of the banks, pre insolvency advisors and builder appointed Liquidators to fraudulently defeat creditors.

Liquidators should always be appointed by creditors to ensure a thorough investigation takes place.

We want the rogues investigated and prosecuted for fraud.

SubbiesUnited was created to provide subbies with collaborative information on building companies that are showing signs of insolvency or struggling to pay their creditors. The signs are always there, we just need to get the message to each other before it happens.
We provide subbies with up to date news on builders in Administration or Liquidation and the best strategies to get a return.
There are some extremely litigious builders out there who would rather sue you than pay you. Often they sue you so they don’t have to pay you. We will expose them.
The construction industry is renowned for building companies setting up illegal Phoenix operations, shifting assets, then liquidating sending subbies broke. We work with other subcontractor & supplier organisations & Governments to stop what amounts to legalised theft on a massive scale though pre packaged liquidations. Insolvency is used as a means to defraud Subbies.
Our aim is to limit the financial damage before it happens with our “members only forum”, an early warning system for the benefit of all our members.