Browse Forums Building A New House 1 Dec 22, 2011 10:41 am Hi All, Heard on the 3AW rumor mill today that a large volume builder will be no longer in Jan 2012. Anyone else heard this or know further information? Re: Rumor - Large Volume builder to go under 2Dec 22, 2011 6:36 pm There is another thread on here from about a week ago that links to a report in the Age that NBG has been told to refinance or sell by their bank. Is this the volume builder you heard the rumour about? House - Lockup completed 23rd December 2011 - Painters are in!!! https://forum.homeone.com.au/viewtopic.php?f=31&t=37261&start=0&hilit=Blaxland Re: Rumor - Large Volume builder to go under 3Dec 22, 2011 6:45 pm *******. better call my nbg rep and have a chat before we proceed any further ___________ Started design Aug 2011 Plans submitted to council Dec 2011 Re: Rumor - Large Volume builder to go under 4Dec 22, 2011 6:49 pm What stage are you at? Have you signed contracts yet? House - Lockup completed 23rd December 2011 - Painters are in!!! https://forum.homeone.com.au/viewtopic.php?f=31&t=37261&start=0&hilit=Blaxland Re: Rumor - Large Volume builder to go under 6Dec 22, 2011 7:11 pm humble bigboyberger *******. better call my nbg rep and have a chat before we proceed any further I would not start.. srs! We have only put down a $500 deposit for their 'price freeze'. but I'm going to get it back as its fully refundable. not worth the risk, and surely another promo will be out if things work out for NBG. ___________ Started design Aug 2011 Plans submitted to council Dec 2011 Re: Rumor - Large Volume builder to go under 7Dec 22, 2011 8:48 pm bigboyberger humble bigboyberger *******. better call my nbg rep and have a chat before we proceed any further I would not start.. srs! We have only put down a $500 deposit for their 'price freeze'. but I'm going to get it back as its fully refundable. not worth the risk, and surely another promo will be out if things work out for NBG. Better get it out before they go into liquidation (if that's what's happening). After that, you just become another creditor who gets so many cents in the dollar. Demolition August 2009, Construction Started September 2009, Completed December 2010 Re: Rumor - Large Volume builder to go under 8Dec 22, 2011 8:49 pm bigboyberger humble bigboyberger *******. better call my nbg rep and have a chat before we proceed any further I would not start.. srs! We have only put down a $500 deposit for their 'price freeze'. but I'm going to get it back as its fully refundable. not worth the risk, and surely another promo will be out if things work out for NBG. Wise move.. Re: Rumor - Large Volume builder to go under 9Dec 22, 2011 10:23 pm I would not panic yet.... They might have not been talking about NGB.. But to be on the safe side I would not donate any more money until I was sure (or they could prove) they were in a strong position financially. The other thing about NBG is that they are the middle man - if they went under the builders would continue to build the houses. Still not a position you want to be in. Cheers, Alpal Building PD Heathmont 40 BLOG: http://alpal-pd-heathmont40.blogspot.com/ Deposit paid 19/08/2011 Contract signing 3/10/2011 Site Start 10/11/2011 Slab 23/11/2011 Re: Rumor - Large Volume builder to go under 10Dec 22, 2011 10:38 pm Hi, Here is the link to the age website that someone provided in the thread from last week http://www.theage.com.au/business/squeeze-on-cash-flow-hurting-house-builders-20111212-1orkg.html House - Lockup completed 23rd December 2011 - Painters are in!!! https://forum.homeone.com.au/viewtopic.php?f=31&t=37261&start=0&hilit=Blaxland Re: Rumor - Large Volume builder to go under 11Dec 23, 2011 12:51 am Seems like a cash flow issue and not a fundamental business problem (which is surprising seeing the photos of the quality of their work in the other thread of the blokes poor mums house). Cash flow is murder in the construction industry currently. But reading between the lines of that article I wonder if the problems aren't deeper. i did click it, still couldnt make it out rofl. in any case, doesnt look like too extreme a slope, you may be in luck. Just shoot out some emails to volume builders in… 3 18574 go upvc window frames ensure insulation under colorbond. not just sarking, lighter color roof also not sure if you have seen this viewtopic.php?t=5823 last couple of pages… 4 110587 Hi, Seeking volume or semi-custom builder in victoria(east), which have existing double story wide floor plans. Seeking 18-20m wide homes with depth of 12-15m long. Or… 0 25171 |