Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home.
It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of sydney.
Their block cost about $500,000, and they spent another $700,000 to enter a contract with what they thought was a reputable volume builder.
The couple moved into their new home in July 2023 and, just days in, Ms Luc says they started finding alleged defects, starting with a blockage in their toilet.
“If anyone would like to go build a new house, please think carefully,” Ms Luc warns.
“Think about the economy … think about the builders at the moment.
“I mean, they [people] can see that so many builders [have] collapsed in the past few years. They should know now that the industry is vulnerable.”
It was supposed to be the end of what building industry pundits have labelled as a “property cyclone”.
But even if the eye of that cyclone has passed, savage storms continue to wreak havoc on Australia’s $270 billion construction sector.
Each month across Australia, on average more than 200 building and construction companies go under.
The building industry is still reeling from one of its most…