New DDL homes are up but buyers are unable to settle yet. Photo / DDL
New DDL homes are up but buyers are unable to settle yet. Photo / DDL
Auckland new-house buyers are worried after Friday's receivership of two development businesses involved in construction of many new homes at Ormiston Heights, Flat Bush.
But receivers issued reassurance, saying deposits on the new homes were held in trust accounts so were unaffected and they'll do all they canto keep people updated.
One woman said her and her husband's "dream home" had turned into a nightmare with Friday's receivership of two DDL companies associated with the South Auckland business building their new house.
She has been dealing with DDL Homes which is not in receivership. But on Friday, financier Vincent Capital put DDL Homes Ormiston and DDL Homes Ormiston 2020 under the control of receivers Neale Jackson and Brendon Gibson of Calibre Partners.
"Now, nearly 28 months and counting we are still waiting for settlement of the home and our worst fears have been realised when the receivership was announced," said the buyer.
She and her husband paid a deposit on a Maison DÓrmiston place for $675,000 more than two years ago.
"My husband and I are first-time home buyers and we signed up for our dream home in early 2020," she said.
They saved hard and had help from family. Their new home was up and looked finished but the settlement was yet to occur.