Three more building companies collapse

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The NSW company specialised in luxury homes in and around Sydney. 7NEWS

Melbourne builder Bentley Homes has gone into liquidation, leaving many people out of pocket. File image.“Everything we have is in that house, it just breaks your spirit,” customer Ronald Brown told AAP when the news broke.

The couple work five jobs between them and fear they will be unable to pay their rent and mortgage if there are any more delays.“Our biggest concern at the moment is the financial stress and worry about how we’re going to continue paying for everything.” Records filed with the Australian Securities and Investment Commission show an administrator was appointed to his company Toplace Pty Ltd on Monday.

The company was established in 1992 and is one of Australia’s largest privately owned construction and property development companies, with numerous high-rise apartment projects under construction in Sydney.Nassif, the owner and founding director of Toplace, has been accused of fraud and is thought to be overseas.

 

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