Wincrest Homes - External Administration? Would you build?

andrew01 · May 27, 2012 10:18 am

Hi

We've looked at loads of home companies and Wincrest Homes seem to have about the only narrow home design (<10m wide block) that comes relatively close to suiting our requirements. Our concern however is that Wincrest went into administration in 2009 (however they traded out of it - http://www.smartcompany.com.au/property ... ation.html). When you check the ASIC website (http://www.asic.gov.au/asic/asic.nsf/by ... enDocument) it still shows Wincrest as being in 'External Administration'.

Is anyone else building with Wincrest right now? Should we avoid using a company in administration? What if any concerns should we have if we proceed?

thanks

builderforlife · May 27, 2012 7:00 pm

I would imagine a company that had traded through those dificulties in 2009 would now have sound management in place. Most company in trouble are wound up and so only the most financially sound get top trade through. Make some enquiries about the current management and backing.

Onehome · Sep 09, 2013 3:02 pm

We are also looking at building with Wincrest probably in the new year now - but there appear to be very few people on this forum building with them and that does concern me also.

jj1 · Sep 09, 2013 8:10 pm

We have been in our place just over 12 months now, and very happy with the product and outcome.

Before we signed the contract in Jan 2012 I did what I consider necessary searches and made enquiries through the normal government agencies, ASIC etc, for Company/complaints and so on, To try and establish in my own mind that we were dealing with a sound organisation.
If you have a mortgage perhaps the lender would be able to provide advice !! (at least as to what enquiries you should make, if nothing else).

maximus · Sep 09, 2013 8:27 pm

You could always look for online reviews.

Try google "<insert name of builder> product review".

Yields reviews for many builders. Word of warning - sometimes reviews can be fake, so you need to use your judgement.

zc12345 · Mar 01, 2016 4:06 pm

good point about checking ASIC. WIll do this

jj1 · Mar 01, 2016 9:32 pm

zc12345

good point about checking ASIC. Will do this

Don't forget the previous post is 3 yrs old.

zc12345 · Mar 02, 2016 8:41 am

thanks jj1 =) i love this forum . ppl like yourself do look out for other ppl.

I have search the forum and over the 3 years period there still was not much discussion about wincrest???!??!?

Anyone in Sydney/ NSW have recent dealings with Wincrest?

love to hear your feedback.

SejaeD · Feb 12, 2019 5:56 pm

zc12345

thanks jj1 =) i love this forum . ppl like yourself do look out for other ppl.

I have search the forum and over the 3 years period there still was not much discussion about wincrest???!??!?

Anyone in Sydney/ NSW have recent dealings with Wincrest?

love to hear your feedback.

They are a terrible builder. If you want your dream home to turn into a nightmare, choose Wincrest