More than 2000 individual home-buying customers across Queensland, Victoria and NSW have been hit by the collapse of builder Privium, which went into administration last week owing secured and unsecured creditors close to $43 million.
Underwood, Queensland-based Privium left behind 2148 clients with projects when it ran out of cash to continue operating, FTI Consulting administrator John Park said on Monday.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
