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A home builder in Perth has gone under, one more company failure in a growing list that’s a cause for concern for the building and construction industry.

Joondalup-based builder Intellibuild Constructions has had its registration renewal knocked back the Western Australian Building Services Board on financial grounds.

While the company, trading as Boston Keys Pty Ltd, had applied for a renewal, the board said they weren’t “satisfied that the company met the financial requirements set out in the Building Services (Registration) Act 2011.”

They had been trading since December 2019, just before the Covid-19 pandemic hit and devastated the building industry.

The company’s collapse means customers with defective or incomplete builds will be able to collect on home indemnity insurance.

The ‘about’ section of Intellibuild’s website said the company is “made up of a team of experienced and dedicated people providing a professional team service to deliver innovative building solutions backed to its clients.”

“We can deliver innovative buildings for residential, industrial and commercial type projects than can offer creative design, cost savings, fast construction time, energy efficient advantages over other forms of construction not offered by many other builders,” it reads.

“Our core values are to deliver the best solution for our client.”

Intellibuild joins a growing list of builders in Perth and around the country who have gone under in 2023.

Royal Construction and Design and Western Luxury Homes both went into liquidation within days of each other in August.

Boutique builder City Residence went bust in July, Hamlen Homes collapsed in February, and both WA Housing Group and Individual Developments also went under in January.

Australia’s 13th biggest builder, Porter Davis, also collapsed earlier this year, placing 1700 projects and another 779 empty blocks of land in jeopardy across Victoria and Queensland, while more than 1000 unsecured creditors owed a $71m.

Data from the Australian Security and Investments Commission (ASIC) shows 1709 construction companies nationally went into administration between July 2022 and April this year.

Read related topics:Perth

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By Rahul

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