https://www.copyright link/real-estate/residential/melbourne-home-builde...

https://www.copyright link/real-est...ruct-goes-into-administration-20180709-h12gw3

Melbourne builder Bayside Construct, which won a national award last year for the country’s best medium-rise residential development, collapsed last week under debts of about $20 million.
Cor Cordis administrator Sam Kaso made 49 people redundant from the Port Melbourne-based company upon being appointed as voluntary administrator on Thursday…

As the music stops in Victoria’s home-building party, an increasing number of builders are finding themselves caught out. For Bayside Construct, which only last year won industry group Master Builders Australia’s top national award for a medium-density residential project, the fall has been sharp.