April 16th 2023.
Families affected by the collapse of construction giant Porter Davis have taken to the steps of the Victorian Parliament, with their emotions running high, to demand that the government reimburse the tens of thousands of dollars in lost deposits. Earlier this month, the company went into liquidation, leaving thousands of people around the country in a difficult position. Anil Vemula, who lost $33,000, said: "We feel robbed and cheated. Regulators have failed to do their job".
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The Tupou family, who had saved up $30,000 over the course of four years to build their home in Woller, Melbourne, were on holiday when they found out the news. Mrs. Tupou expressed her frustration, saying: "You knew they were going under and they just took money from families". All the affected families want their deposits returned, and for regulators to improve their processes in order to prevent something like this from happening again.
(Image Source: http://www.9news.com.au)
Victoria Premier Daniel Andrews has suggested that financial support may become available in the future. Unless something is done to improve the building industry, many of these families claim that it is no longer safe to build a home in Victoria. It is currently unclear how many of the promised homes will be completed. Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
(Image Source: http://www.9news.com.au)
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