SA homes finally close to completion after builder went into liquidation

·

Around 20 home buyers were left with the skeletons of a home in abandoned, unfinished developments at O’Halloran Hill after their builder Felmeri Homes entered liquidation in July 2023.

Among them was Adelaide man Edward Gilmore who hoped to be raising his first-born in his new home before he became a toddler. Four years after he approved the build, his family has grown and they finally moved into their O’Halloran Hill property recently.

“It has been relatively traumatic, especially for those who have been financially impacted pretty heavily, have moved back in with family and watched interest rates go up and up during the construction loan, unable to lock it down,” Mr Gilmore told ABC News.

South Australian Infrastructure Minister Tom Koutsantonis. Photo: Matt Turner.

The South Australian government invested over $4 million to have the infrastructure completed.

South Australian Infrastructure Minister Tom Koutsantonis said it was “gratifying to see some residents” moving into their homes.

“The level of service work required on this project was significantly higher than could have been expected, given the condition the project was left in, with some essential services poorly installed or not installed at all,” Mr Koutsantonis said.

Mr Koutsantonis also added the state government continues to “actively work through options to recoup all taxpayer money spent” to fund the incomplete infrastructure.

An investigation into Felmeri by Consumer and Business Services that began in 2023 continues.

Source: ABC News.

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Latest News

Peter Tantalos honoured with Young Achievers Award at inaugural HACCI SA Gala

South Australian lawyer and The Greek Herald journalist Peter Tantalos received the Young Achievers Award at the inaugural HACCI SA Gala.

Liquidators examine Jon Adgemis’ Byron Bay property interests

Liquidators investigating failed pub baron Jon Adgemis are examining his former Byron Bay property interests.

Sexual assault retrial set for Brisbane hairdresser Dmitri Papas

The retrial of Brisbane hairdresser Dmitri Stelios Papas has been scheduled for February after his first trial was declared a mistrial.

Paul Nicolaou raises concerns over Sydney Town Hall Square project

Business Sydney's Paul Nicolaou has called for closer scrutiny of the City of Sydney’s plan to fast-track the $150m Town Hall Square project.

RBA leaves cash rate unchanged amid inflation concerns

The RBA has left the official cash rate unchanged at 4.35 per cent, opting to wait for further evidence that inflation is easing.

You May Also Like

Hellenic Club of Canberra announces new office concepts as part of expansion plans

The Hellenic Club of Canberra has announced a two-stage development plan for their Woden office space as part of their expansion plans.

Meraki Greek Taverna wins in the Northern Territory’s Gold Plate Awards

Meraki Greek Taverna in the Northern Territory (NT) has won 'Best International Cuisine' in the 2022 Gold Plate Awards.

Greek Culture Minister returns to Australia for anniversary of ‘Our People Their Stories’

Greece’s Minister of Culture, Lina Mendoni, is set to return to Australia to mark one-year of the GOAA’s “living museum.”