Dashdot has announced its collapse, entering liquidation as of 28 May, following mounting pressure across Australia’s property investment sector.
In an open letter, Dashdot founder Goose McGrath said the company’s downfall was due to a rapid deterioration in economic conditions, investor sentiment, and lending capacity for the company’s move into voluntary liquidation.
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Announcing the liquidation, McGrath said the business had been in strong condition only months earlier.
“As recently as the end of February, Dashdot was in great health,” he said.
“We were growing, profitable, and actively improving the client experience and client outcomes.”
However,…