NZ HERALD: Builder's collapse devastates homebuyers
A company that builds houses from Waiuku to Whangarei has gone into liquidation, leaving customers wondering whether they will get back their deposits of $25,000 to $50,000.RELATED READING:
Meridian Homes Ltd of Orewa had 30 contracts for homes, with half under construction, said joint liquidator Paul Sargison.
Managing director Dean Hopper blamed the collapse of the six-year-old company mainly on significant delays in getting building consents for homes.
By the time the council gave consent, he said, the cost of the building had exceeded the original contract price and profit was lost....
High and higher regulation. High and higher house prices. - Not PC (Oct, 2006)
"The building is the easy part" - three stories of red tape and resource consents - Not PC (Sept, 2006)
Frank Lloyd Wright on building codes and education - Not PC (June, 2006)
The house that Norm could no longer build - Not PC (June, 2006)
Building Act brings building delays - Not PC (Oct, 2006)
Architect v Bureaucrats - Not PC (Dec, 2005)
Council 'asks' nicely for more money. Yeah right. - Not PC (Nov, 2005)
Who'd be a builder? - Not PC (Nov, 2005)
Councils to builders "More red tape please." - Not PC (Nov, 2005)
The 'deregulated' building industry... - Not PC (Nov, 2005)
RELATED: Building, Politics-NZ