Logan City-based Oracle jumped from 76 home building contracts to 316, setting the builder up for a world of pain when costs started soaring.
and in one year quadrupled its number of home building contracts from the previous year, records show.
Liquidators Bill Cotter and Roland Robson on Wednesday announced their appointment to liquidate Underwood, Logan-based Oracle, which reportedly owes creditors about $14 million. The liquidators could not be reached to confirm details.
He was scathing of programs such as HomeBuilder, which gave consumers up to $25,000 to buy a new house or to make a significant renovation.“Whoever was advising the government gave them very poor advice because they didn’t need stimulus,” Mr Stephens said.
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