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May 19, 2022 By subbiesu Leave a Comment

Urgent crisis talks over future of Metricon Homes

Fears are mounting for the future of Metricon Homes, with the building giant in crisis talks with major clients, including the Victorian government.

Matt Johnston, John Dagge and Alesha Capone 4 min read May 18, 2022 - 11:23PM

Crisis talks are set to be held on Thursday with building giant Metricon as skyrocketing costs hit home, customers take aim at delays and insiders fear for the company’s future.

The Melbourne-based company, which claims it is “a strong viable business’’, will meet with state Treasurer Tim Pallas about an explosion in material and labour prices, as pressure mounts on builders struggling to meet contracts.

Internal memos seen by the Herald Sun have raised concerns about business cashflow and staff have been told “it has come to crunch time” regarding unsigned contracts.

The turmoil comes during an emotional week for Metricon, with the sudden death of founder and chief executive Mario Biasin, who the embattled firm said had been experiencing mental health issues.

Metricon founder Mario Biasin unexpectedly died earlier this week.

Metricon founder Mario Biasin unexpectedly died earlier this week.

Metricon, which employs about 2500 people and is building thousands of properties across Australia, was last year ranked the nation’s biggest home builder.

Read more here

Filed Under: Media Reports

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ABOUT US

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.

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