Australia: [Event] Builton financial collapse: a timely warning for apartment builders and developers
Last Updated: 1 February 2017

In our article, " High Rise, Higher Risk for Builders", we noted the dangers faced by contractors working for developers that align themselves financially with proponents of "get-rich-quick" schemes. We meant the sorts of schemes where others are left to deliver on unfounded promises of massive returns for very little effort.

The recent insolvency of Builton, like Freelife Homes and Visionnaire Group before it, highlights this danger. All three were said to have been aligned in the same way with Infinite Wealth which gave seminars to investors, some of whom are reported to have then built up large investment portfolios quickly using borrowed money without thinking about how they were going to pay that money back.

On 13 February and 13 March 2017, HHG's Murray Thornhill, Anne Hurley and Daniel Morris will speak at the WA Club about this and many other risks facing developers, construction contractors and investors involved in high rise developments for sale off the plan, for more information or to book a seat click here.

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By Daniel Morris
By Marcus Hodge
By Oscar Dell'Anna
By Nia Lumley
By Biljana Radulovic
By Alexandra Turner
By Murray Thornhill
By James Tadros
By Murray Thornhill
By Murray Thornhill
Font Size: