Xtraordinary Constructions collapses, leaving 40 unfinished homes

A home builder that was brought in to fast-track the troubled Dock One development at Port Adelaide has collapsed, leaving a trail of 40 unfinished homes.

Unfinished homes at the Dock One housing project in Port Adelaide. Picture: Matt Loxton

A home builder that was brought in to fast-track the troubled Dock One housing development at Port Adelaide has collapsed, leaving more than 40 customers in limbo and creditors chasing more than $2m in unpaid debts.

Liquidators have been appointed to wind up Port Adelaide-based Xtraordinary Constructions, which had more than 40 projects worth a total of $17m under construction or in pre-construction stage.

The company took on several incomplete projects at the Dock One development following the collapse of Qattro builders in September 2023, and was also working on smaller developments at Woodforde, Glanville, Port Adelaide and Birkenhead.

Unfinished homes at the Dock One housing development at Port Adelaide. Picture: Matt Loxton

Liquidator Andrew Langshaw from Duncan Powell said that while the company’s directors had attempted to restructure the business in recent months, years of rising costs and building materials shortages had proven an insurmountable challenge.

“Xtraordinary has faced increasingly challenging operating conditions that have affected the entire industry and we have significant experience in supporting construction businesses in similar circumstances,” he said.

“We will work closely with the management team and the developer and owners to mitigate ongoing losses and exposures for all stakeholders and facilitate the orderly transition and completion of the projects.”

Xtraordinary has been operating since 2006 and employed 10 people from its Port Adelaide offices.

Tony and Tara Xanthopoulos are listed as the directors of the company, which pitched itself as a specialist in medium density housing projects, including custom home construction, residential development, subdivision projects and house and land packages

Mr Langshaw said unsecured creditors were owed more than $2m.

The company’s collapses comes as the state’s building industry warns delays to water, electricity and other infrastructure connections to new housing projects are behind a crippling slowdown in housing construction.

Last month the state’s biggest home builder, Hickinbotham Group, cut close to 30 jobs, while Rivergum Homes shed five sales staff as part of an internal restructure.