Pivotal Homes

One of Queensland's biggest home builders has gone into liquidation, leaving the future uncertain for more than 200 new home builds in the state's ...

“REMI apologises for any lack of communication in recent weeks. “All purchasers are in a net gain position, meaning the work they have paid for has been completed. Mark Prestige, who had been managing partner at REMI Capital for close to four years, acknowledged there had been a “lack of communication” from the company in recent weeks. One of Queensland’s biggest home builders has gone into liquidation, leaving the future uncertain for more than 200 new home builds in the state’s south-east. One of Queensland’s biggest home builders is in liquidation, leaving the future uncertain for more than 200 new home builds and 16 staff. “In my 30 years’ experience I have never seen a set of circumstances like this and obviously we are not alone in these unfortunate conditions facing the industry,” he told the Courier Mail.

Another major Australian building company has collapsed, leaving an uncertain future for 280 homes. Surfers Paradise builder Pivotal Homes, one.

They’re going to feel the pain a lot sooner and a lot more harshly.’ ‘The work they have paid for has been completed. The trickle-down effect of surging costs mean Australian tradies are forced to cover the difference, with the country on the verge of a major crisis. Supply chain issues and lack of stock from national and international sources has led to a spike in demand and prices for materials. The company, which is a former sponsor of the Gold Coast Titans, said increased labour and construction costs meant the business was no longer viable. In a statement, Pivotal Homes said it had 103 houses under construction, in various stages from slab pours to turnkey, and 177 homes waiting on building approval from councils.