While his customers languish in rental properties waiting for their dream homes to be completed – with some being slugged with extra charges of up to $122,000 – the boss of this struggling Queensland construction company is living the high life in a Gold Coast mansion.
Glen Norris and Chris Herde 3 min readApril 21, 2022 - 5:40PM The Australian Business Network
Building boss Tom Orel’s increasingly angry customers are being slugged with extra charges of up to $122,000 before they can move into their homes.
However, the boss of financially-troubled Oracle Building Corp does not appear to have any accommodation problems himself.
Mr Orel’s registered address is a $5m canal front mansion at Benowa on the Gold Coast complete with six bedrooms, five bathrooms, pool and home theatre.
The ritzy double storey home in Sir Bruce Small Boulevard is home to Mr Orel, 71, and wife Elia, 54, who is the registered owner of the property.
Mr Orel’s company, Oracle Building Corp is now locked in increasingly bitter disputes with many of his customers over hefty price increases demanded by the company to complete their homes.
D says
With the mfr of the Qbcc is it not expected for the director to have assets? Would the author prefer they had no assets?