Exclusive by NSW investigative reporter Amy Greenbank and national regional affairs reporter Jane Norman
Posted 1h ago, updated 1m ago
Pat and Peter McQuhae were on their way to owning a "forever home" to see out their retirement until the biggest builder in the country gave them an ultimatum: Cough up an extra quarter of a million dollars or your build will be cancelled.
The grandparents are among dozens of Metricon customers on fixed-price contracts now forced to choose between paying painfully higher prices or losing their new homes and deposits, as the builder struggles with soaring labour and material costs.
Metricon told the McQuhaes in February it would be terminating their contract but would "still love to build" their home if they agreed to sign a new contract with more than $266,000 in extra fees — a nearly 50 per cent increase on the original agreement
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