As building companies such as Oracle continue to collapse, some people losing their dream of a new home are blaming over-committed builders chasing government stimulus money.
As a major construction company collapses ABC host Lisa Millar lays into confident building CEO who bragged about how homeowners have nothing to worry about and that he expected it to be worse.
Queensland man Dale Liston only found out that Oracle Homes, who were building his house, had collapsed while browsing Facebook. Mr Liston said the builder had told him everything was fine .
Oracle Homes customers have been left devastated looking at unfinished houses as the builder collapsed but the firm s boss Tom Orel still has a $5million mansion to go home to - for now.