A family of five is devastated to learn it may be another two years until they can move into their new home. 

Peita and Dale Liston had a $30,000 down payment with Oracle Homes to build their new place but have been left in the lurch amid the company’s collapse.

It’s estimated the Logan-based company owes around $14 million all up, according to liquidators from the Robson Cotter Insolvency Group.

Ms Liston told Laurel, Gary & Mark the business lacked communication from the get-go.

“That probably should’ve been a red flag there,” she said. “It’s been a bit of a rollercoaster ride, to be honest.

“You get promised everything under the sun, you know, it’d be done by April, it never happened; we get told it’s going to be September, then that’s not happening.”

The Listons have been told it could be another two years before anyone begins working to finish their home, which is already close to being finished.

“Rent and everything with this house, plus that house as well, for another year or two years, who knows…”

Press PLAY below to hear Peita’s story in full

There’s warnings the fate of Oracle Homes may not be far off for other home building companies.

Crick Construction managing director Bruce Crick told Sofie Formica the cost of materials is hitting bottom lines hard.

“With so many projects across the board under fixed price, we’re really finding it hard to keep up with the price rises,” he said.

Press PLAY below to hear the full interview 

Image: Nine News, Getty