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A group of construction companies all registered to the same address in NSW is among the latest builders to go bust, with the industry still battling the effects of inflation, rising costs and trade shortages.

The liquidator said the collapse of Adroit Constructions, Maximus Builders, Maxim Builders and Maxus Builders put 25 projects at risk.

If we have a car accident or our home has been damaged, most of us will reach for the phone as soon as possible but is there a time limit on insurance claims in Australia?

What if you’re unable to make an insurance claim immediately? Will you miss out on a refund or replacement if you don’t lodge it by a certain time?

Worried about all those headlines about builders going bust? If you’re building a new home, you might be increasingly concerned about what happens when a builder goes into liquidation.

The surge in construction company collapses across Australia, including high-profile builders such as Porter Davis and Probuild, has understandably made homeowners and investors nervous about the future.

Buying a residential porperty can be a long, tedious process. And if you’re not ready, you could easily fall into a hole of home buyers stress and frustration. But don’t lose hope. Armed with the right knowledge and a solid plan, you’ll be a homeowner before you can say ‘sold’!

Let’s walk through the key steps you need to take (and prepare yourself for) to score the best home.

 

There’s more to buying a home than just the asking price. Now that you’ve got your deposit and secured any available government grants, prepare yourself for the other charges and expenses that come with becoming a homeowner.

Research is vital to help you identify the associated costs. Setting aside a budget for these fees will save you a lot of time, and hassle. It also helps ensure there are as few unexpected nasty surprises as possible.