{"id":39998,"date":"2022-08-19T10:24:02","date_gmt":"2022-08-18T22:24:02","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=39998"},"modified":"2022-08-19T10:24:02","modified_gmt":"2022-08-18T22:24:02","slug":"hamilton-property-group-under-fire-for-allegedly-taking-deposits-from-collapsed-builder","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/hamilton-property-group-under-fire-for-allegedly-taking-deposits-from-collapsed-builder\/","title":{"rendered":"Hamilton Property Group under fire for allegedly taking deposits from collapsed builder"},"content":{"rendered":"

PHOTO: Hamilton Property Group<\/strong><\/p>\n

Liquidators cannot find tens of thousands of dollars that homeowners paid as a deposit to a now defunct building company owing $28 million.<\/p>\n

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Tens of thousands of dollars in deposit money paid by several customers to a collapsed residential builder has allegedly mysteriously disappeared, with liquidators claiming they are unable to locate the funds.<\/p>\n

\"Norris<\/a><\/div>\n
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Collapsed building company owes staggering debt<\/a><\/h2>\n<\/header>\n<\/div>\n<\/div>\n

Last month the Victorian Supreme Court ordered Snowdon Developments\u00a0into liquidation\u00a0but some deposit holders have been left reeling after learning that they might never see the money they shelled out as a five per cent down payment for homes that may never be built.<\/p>\n

Snowdon\u2019s collapse left 550 homes in limbo as well as 52 staff members jobless and 262 creditors are, at last count, owed $28.6 million.<\/p>\n

\"Langford<\/a><\/div>\n
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\u2018TOTALLY DEVASTATED\u2019: All staff fired as building company collapses<\/a><\/h2>\n<\/header>\n<\/div>\n

Now\u00a0Snowdon\u2019s liquidators can\u2019t find any records of some customers\u2019 building deposit money ever being transferred into the company\u2019s bank accounts.<\/p>\n

At a creditor\u2019s meeting last month, liquidators alleged that property developer and sales agent Hamilton Property Group, who engaged Snowdon to build their clients\u2019 homes, took the deposits as a commission fee and the money was never paid to Snowdon.<\/p>\n

\"Waterford<\/a><\/div>\n
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BUILDING CRISIS: Another building company in liquidation<\/a><\/h2>\n<\/header>\n<\/div>\n

One customer, Josh Curmi, claims a Hamilton staff member admitted over the phone that the developer had his $11,000 deposit.<\/p>\n

Another homeowner received a receipt that shows more than a year since paying his $10,000 deposit, the money is being held in a trust by HPG \u2014 Hamilton Property Group.<\/p>\n

\"Jada<\/a><\/div>\n
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Another one bites the DUST: Major Sydney building firm collapses<\/a><\/h2>\n<\/header>\n<\/div>\n

In an email to a customer trying to locate their $10,000 deposit, seen by news.com.au, a Hamilton employee denied the company had the money. But when news.com.au contacted Hamilton, an employee said the developer would not be commenting on the matter.<\/p>\n

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\"Hamilton<\/div>\n

Hamilton Property Group is under fire for allegedly taking deposits from Snowdon customers.<\/strong><\/em><\/div>\n

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\"Josh<\/div>\n

Josh and Alicia are two customers who are demanding a refund of $11,000.<\/strong><\/em><\/div>\n

Josh Curmi and his wife Alicia Hele, both 29, bought a home-and-land package through Hamilton in February last year. Snowdon was brought on board as the builder for their $225,000 Melbourne house but no construction work ever started.<\/p>\n

They\u2019ve asked Hamilton to refund their $11,264 deposit for the build but the developer has not responded to their requests.<\/p>\n

\"first-home<\/a><\/div>\n
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Inside the collapse of AUSTRALIAN building giants<\/a><\/h2>\n<\/header>\n<\/div>\n

\u201cI just want our money back,\u201d Mr Curmi told news.com.au.<\/p>\n

Mr Curmi and his wife along with several others aren\u2019t entitled to any insurance payouts because no work was done on their block of land and Snowdon hadn\u2019t yet taken out domestic building insurance, which is where a homeowner\u2019s losses would be partially covered by the state insurer.<\/p>\n

Now they claim the property developer, Hamilton, has the rest of their money, never having passed it on to Snowdon.<\/p>\n

Snowdon\u2019s liquidators have encouraged those homeowners to pursue Hamilton themselves to recoup their losses.<\/p>\n

Earlier this month, Mr Curmi sent Hamilton a formal letter demanding a refund within seven days. The developer missed the deadline and never responded.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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