Australian mortgage holders can breathe a sigh of relief following the Reserve Bank of Australia’s decision to pause cash rate hikes. The RBA met on Tuesday and decided not to hike the cash rate for only the second time since last May. WATCH THE VIDEO ABOVE: Economists make their rates predictions as threat of recession … Read more
West Australian building company Modco Residential has entered voluntary administration, blaming rising costs and the media for its downfall. The WA building regulator, Building and Energy, warned the public to be “cautious” when dealing with the company because it had significant reason to believe it was under financial stress, with several court cases launched against … Read more
Australian mortgage holders can breathe a sigh of relief with the Reserve Bank holding steady on interest rates in consecutive months for the first time in more than a year. The RBA board met on Tuesday and decided not to hike the cash rate, mirroring the July decision. WATCH THE VIDEO ABOVE: New data shows … Read more
Mortgage holders can breathe a sigh of relief with the Reserve Bank of Australia holding steady on interest rates for a third consecutive month. But the outgoing governor has warned that an uncertain financial outlook could force the central bank’s hand in the near future. The RBA board met on Tuesday and decided against hiking … Read more
Adelaide builder Qattro has been placed into voluntary administration, with the company’s boss blaming the COVID-19 pandemic for its demise. Qattro’s managing director Bradley Jansen said he had “exhausted all options” to try to help the company recover post-pandemic, only for supply chain issues and labour shortages to hamper his efforts. “I have made significant … Read more
Karen Scarlett had been eagerly waiting to move into her dream home that’s been under construction with Adelaide-based builder, Qattro, for three years. Now she faces the idea of giving it up all together to buy another home, which could cost her $150,000 more than the first house, or continue renting. “When you’re on a … Read more
There are increasing calls for NSW Fair Trading to act against a Sydney builder that has a number of unfinished home builds, some whose owners have been told their houses’ conditions are so bad they need to be demolished and built again. Kathy Mattiello is one JND Homes client who has been waiting two years … Read more
The Reserve Bank of Australia has held interest rates steady for a fourth consecutive month. But a hike before the end of the year remains possible, according to one of the big four banks. The cash rate remains 4.1 per cent after the RBA board met on Tuesday, the first time since Michele Bullock took … Read more
A Victorian residential builder has entered liquidation and terminated all of its staff. River Dale Building Group Pty Ltd, which trades as Chatham Homes, appointed AS Advisory as its liquidator on Monday, October 2. The firm said Chatham Homes stopped work on all of its current 50 residential home projects in Victoria, while there were … Read more
A bespoke South Australian residential home builder has collapsed and appointed an external administrator. Residence Building Group is the latest builder in the state to enter voluntary administration, following the collapse of four other companies over several months. The company has seven current home builds, including a project in the Adelaide Hills and homes under … Read more
