A sydney family face never being able to build their dream home after their builder collapsed in March owing millions and the cost of their home’s construction jumped to $1.9 million, a whopping $800,000 more than the original quote.
The 10-year-old building company called Jada Group went under with $2.4 million in outstanding debt to 45 creditors, a report from Mac insolvency lodged with ASIC in June showed.
One family who were building with the company have been left in tears.
The Garozzos, who have a four-year-old son together and a daughter from her husband’s previous relationship, had been squeezed into a two-bedroom apartment in Sydney.
But wanting to expand their family, they purchased a block of land in North Kellyville to build their forever home three years ago.
They signed up to build with Jada Group in November 2020 for a four-bedroom, two-storey home, which was to include a swimming pool.
The 38-year-old and her 41-year-old husband had poured $50,000 into architect’s designs and were excited to build their new home.
Then began a horror two years for the family who claim they have been left in “limbo” and don’t know if they will ever recover the money they paid to the builder.
“We still don’t even have a…