Developments/Projects in SA

[Bully]

http://www.adelaidenow.com.au/news/sout ... 6524153069


finally !!

I bet the north adelaide society with have there input thou on this

[Bully]

http://www.adelaidenow.com.au/news/sout ... 6528937376

umm, i have seen it all now....

[Bully]

http://www.adelaidenow.com.au/news/sout ... 6540002897

casino in for a major expansion

[dedja]

McCracken Homes in a ton of trouble ...

http://www.adelaidenow.com.au/business/ ... 6585333699

ADELAIDE builder McCracken Homes has stopped trading, leaving almost 20 homes unfinished amid fears it may spark another round of home-builder collapses.

The directors are looking to appoint an administrator to formally close the business, a move expected to terminate 13 jobs.

It is the second business to fold in the McCracken Group, which in 2010 expected to build 380 homes.

Its portable home division, Red Ochre Homes, went into administration last June with bank debts of $1.7 million and another $3.1 million owed to unsecured creditors.

Director Charlie Siciliano was reluctant to comment.

"At the moment we haven't gone into liquidation or administration, but it's a bit of a tough time," he said. "We are just waiting for the right advice and the meeting."

In an email sent to clients, Mr Siciliano confirmed the business was closing.

"McCracken Homes has stopped trading and are awaiting advice, I need to update you on the options, remember that you have indemnity insurance to cover completion of your home," the email says.

The wife of a company owner, who would not identify herself, said "We haven't (stopped trading) yet, nothing is official at this stage."

Builders are required to carry insurance to cover their clients if the company collapses or the builder disappears or dies.

[heater31]

McCracken Homes in a ton of trouble ...

http://www.adelaidenow.com.au/business/ ... 6585333699

ADELAIDE builder McCracken Homes has stopped trading, leaving almost 20 homes unfinished amid fears it may spark another round of home-builder collapses.

The directors are looking to appoint an administrator to formally close the business, a move expected to terminate 13 jobs.

It is the second business to fold in the McCracken Group, which in 2010 expected to build 380 homes.

Its portable home division, Red Ochre Homes, went into administration last June with bank debts of $1.7 million and another $3.1 million owed to unsecured creditors.

Director Charlie Siciliano was reluctant to comment.

"At the moment we haven't gone into liquidation or administration, but it's a bit of a tough time," he said. "We are just waiting for the right advice and the meeting."

In an email sent to clients, Mr Siciliano confirmed the business was closing.

"McCracken Homes has stopped trading and are awaiting advice, I need to update you on the options, remember that you have indemnity insurance to cover completion of your home," the email says.

The wife of a company owner, who would not identify herself, said "We haven't (stopped trading) yet, nothing is official at this stage."

Builders are required to carry insurance to cover their clients if the company collapses or the builder disappears or dies.

Rumours have been rife about this company for years. Looks like they have finally fallen.

[CENTURION]

pity, Charlie is a good bloke, who builds a good steel-framed house.

[scottroo]

they were just advertising on the radio in the last few weeks, pretty dodgy

[Dutchy]

Pretty ordinary out there and wont change for at least 12 months in SA, with Julia calling the election that guaranteed everyone will sit on their hands until then, plus in SA we have a state elections this time next year, gonna be a very tough 12 months only the well managed businesses will survive.

[CENTURION]

they were just advertising on the radio in the last few weeks, pretty dodgy

why is it dodgy?

[scottroo]

trying to get business just a week before going bust?

[CENTURION]

trying to get business just a week before going bust?

trying to trade themselves out of the shit you mean. nothing wrong with that, why give up?

[The Sleeping Giant]

pity, Charlie is a good bloke, who builds a good steel-framed house.

Are they all good blokes in the building/real estate game?

[heater31]

trying to get business just a week before going bust?

trying to trade themselves out of the shit you mean. nothing wrong with that, why give up?

when Keith Bowden Electrical closed they took deposits on the Sunday and locked the doors on the Monday! How are they to know when its gone too far?

[dedja]

Not knowing is why they're in the shit in the first place ...

[southee]

Good idea Julia to call an election at the start of the year for September so it brings uncertainty and low confidence in any projects or funding for areas like health, education and construction.

With a change of government highly likely ......no one knows WTF is going to happen with a new government and the funding they are going to spend!!!

Your a brillant PM and looking after Australia's best interests!!!!

[dedja]

There will be an election before September and Gillard will be gone by then ... hopefully sooner rather than later

[Sky Pilot]

There will be an election before September and Gillard will be gone by then ... hopefully sooner rather than later

That would be too much to ask for D. But I hope you are right.

[Sojourner]

There will be an election before September and Gillard will be gone by then ... hopefully sooner rather than later

No no no - according to the ALP they will turn it around, just you wait and see.....

[Bully]

not in SA but

Brisbane is in desperate need for a second runway. ANd there is a shit fight over who is going to pay for it and who has the rights to do what.

We have been told it will take 8 years to complete the second runway, for whatever reason it is going to take that long. But major fight from both state and federal governments on to getting it done.

[Booney]

trying to get business just a week before going bust?

trying to trade themselves out of the shit you mean. nothing wrong with that, why give up?

If you are at the point of trading only to get out of the shit, the writing is on the wall.

Good operators know when they are on the edge.