Up to 300 property owners have been left in the lurch by the insolvency of the Queensland-based residential construction company.
Oracle Building Corporation, which traded as both Oracle Platinum Homes and Oracle Hunter Homes, has called in administrators and entered liquidation.
The company, which immediately ceased business and terminated all staff on Wednesday (24 August), operated a business in the residential home construction industry in both Queensland and NSW.
Its activity was primarily focused in South-East Queensland and the Hunter Valley and Central Coast regions of NSW.
Approximately 300 home owners who hold building contracts – ranging from not yet commenced to nearly completed works…
