Queenslander’s dream homes turn into financial nightmare amid Oracle collapse

Hundreds of new home plans have been thrown into disarray following the collapse of Oracle Homes.

Hundreds of Queensland families’ dream home plans have been thrown into disarray following the collapse of high-profile builder Oracle Homes on Wednesday morning.

The Queensland building giant is the latest casualty to join the growing list of firms forced into liquidation.

Privium Homes, BA Murphy and Condev are among those that have collapsed owing millions of dollars.

Outraged Oracle customers took to Facebook group “Building with oracle (unofficial)” on Wednesday to warn others to “lawyer up”.

Aidon McCool and Kaylah Phelps have been caught up in the Oracle collapse.

Two young first homeowners Aidon McCool and Kaylah Phelps thought they were doing the right thing when they put their hard-earned money towards an Oracle build in 2020.

Mr McCool’s mother, Calli McCall, said the couple weren’t surprised by the collapse.

“There was just delay after delay,” Ms McCall said.

“They (Oracle) were blaming the steel company, you know, even sent through emails that the steel company had sent to them”.

She said she suspected the company was in trouble from the lack of communication and little to no building progress.

“They were sent a notice of variation for $55,500 at the start of this year,” she said.

“They just declined it, but again, we didn’t hear back from Oracle to acknowledge they even got that.

“I’m really disappointed in QBCC (Queensland Building and Construction Commission), that they’ve let it go for so long”.

Aidon McCool and Kaylah Phelps’ Oracle home.

Jimboomba resident Scott Wilson, who was on holidays in Thailand when the news broke, said the QBCC have more to answer to than the builder.

Mr Wilson who owns a building supply company said the Oracle build he purchased is unsafe and half of it needs to be rebuilt.

Scott Wilson claims his build is unsafe and needs to be rebuilt.

“The roof has collapsed,” Mr Wilson said.

“The QBCC won’t even have a look. I have 43mm of a 68mm frame hanging over the edge of my slab. You’re allowed 11mm by the standard.

“Why have rules if they aren’t followed – the QBCC protect builders.

“All of my plumbing also needs to be redone as it has been installed incorrectly,” he said.

“I have waste water going into my drinking water.

“I have been chasing these guys legally since October last year”.

Scott Wilson shared a report showing work on the Oracle build that needs redoing.

Logan resident Mamun Aziz said his new home in Browns Plains wasn’t yet built and he was now in financial stress.

Browns Plains resident Mamun Aziz says his dream home plans have been thrown into disarray following the Oracle collapse.

“Recently they said they will trying hard to finish my work but slowly,” Mr Aziz said.

He said the driveway, landscaping, garage door, and all the inside fittings for his home were yet to be completed.

“We have to file a no-completion form and they will finish our house covering with insurance but that may take six to eight months,” he said.

“That means I have got in tremendous stress for another nine to 10 months.”