‘So disheartening’: Customers left in the lurch after construction giant’s collapse
Construction giant Oracle has been placed into liquidation, leaving question marks around 300 unfinished homes in NSW and Queensland.
All up, it’s estimated the company owes around $14 million, according to liquidators from the Robson Cotter Insolvency Group.
The homes in question range from nearing completion, to some which haven’t been started.
One of those potentially impacted by the collapse is Calli McCall, whose 21-year-old son bought a property with his partner in Narangba through Oracle almost 2 years ago.
Construction began in June 2021, but the home only has the concrete slab and part of the frame up.
She said they’re waiting to hear what will happen next.
“It’s so disheartening, and we don’t know what the steps are,” she told Neil Breen on Brisbane Live.
In a statement, liquidators advised they will be in contact with those impacted.
Staff were told today and liquidators advised “no further building activity will be completed”.
Press PLAY below to hear her explain their story on Brisbane Live
Image: Supplied