Metricon

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Metricon Homes has been awarded the nation's number one builder by the Housing Industry Association (HIA).
They top the HIA-COLORBOND steel Housing 100 Report after making a total of 4,473 house starts across Victoria, Queensland, New South Wales and South Australia.
It was the fourth consecutive year the home building giant secured top spot.
Following in second and shooting up the list was Meriton, the nation's largest apartment builder, who jumped from ninth to second.
They started 3,288 dwellings. The ABN Group were third with 2,987 starts.
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Overall dwelling construction has dropped by 15 per cent over the year.
The number of new homes constructed by the Housing 100 builders was smaller, falling six per cent.
The home building market was still strong in Melbourne despite a modest cooling for most of the year, while Sydney experienced a much stronger contraction in the number of new home starts.
There was a larger volume of new apartments commenced by the Housing 100 builders this year which is reflected in a growth in the number of apartment builders on the list.
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Metricon Homes named HIA's number one residential builder for fourth consecutive year

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Metricon Homes Pty Ltd (Metricon) has paid $50,400 in penalties after ASIC issued four infringement notices for misleading advertising aimed at first home buyers.
Metricon’s '2K on your way' campaign for its 'HomeSolution' house and land packages (HomeSolution) contained misleading representations about eligibility to qualify. 
The HomeSolution advertisements created the impression that consumers who qualified for the first home owner grant could obtain a Metricon HomeSolution house and land package with a $2,000 deposit.  However, consumers were still required to fund the balance of the prescribed 5% deposit (approximately $30,000 on a typical $600,000 package, but could be as much as $41,000 on a $825,000 package).  This additional amount was financed through an unsecured personal loan, typically through one of Metricon’s associated finance brokers.   
Any disclaimer in the HomeSolution advertisements was not prominent enough to effectively qualify the dominant message of the advertising.  Consumers were also required to navigate through links on Metricon’s website to the HomeSolution landing page where eligibility conditions were listed in small font at the bottom of that page.
In response to ASIC’s investigation, Metricon has withdrawn the concerning advertising and ceased promoting its '2K on your way' offer.
ASIC reminds all financial services firms to regularly review their advertising compliance arrangements. ASIC proactively monitors all forms of advertising, including advertising on-line, and will take action in appropriate circumstances.
Last month Metricon was named HIA's top residential builder for a third consecutive year.
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Metricon Homes pays $50,400 in penalties for misleading first home buyers

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For the third consecutive year, Metricon Homes has been revealed as the nation’s number one residential builder.
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The announcement came at the launch of the HIA-COLORBOND® steel Housing 100 Report in Melbourne earlier this week.
Metricon Homes reported a total of 4,764 starts – almost 400 more homes than last year - across Victoria, Queensland, New South Wales and South Australia. Of these starts, 3,876 were detached houses and 491 were semi-detached dwellings. 
The Housing 100 Report found that the number of homes built by the top 100 builders in Australia has fallen for the first time in five years.
Representation in all states has fallen, with the exception of builders from Victoria.
HIA said in terms of building activity, 2017/18 will be recorded as one of the strongest years on record. 
"We are expecting to see around 222,000 new homes commenced this last year, making it the second strongest year on record and the strongest year for detached house builders in 18 years," HIA said.
"Against this backdrop, it is surprising to see that the number of new homes built by the largest 100 home builders in the country did not increase."
HIA suggested building businesses have shifted their focus away from increasing the number of homes they build to focus on improving the efficiency of their business in preparation for a slowdown across the market over the next couple of years.
The key highlights from this year’s HIA–COLORBOND® steel Housing 100 Report for 2017/18 shows that the largest 100 residential builders:
- Increased revenue earned from home construction by 12.3 per cent to $25.39 billion in 2017/18.
- Reduced the number of new starts in the year by seven homes.
- Reduced their share of the new home building market from 34 per cent to 33 per cent.
- Accounted for 69 per cent of the detached homes built in Australia in 2017/18. 
The number of starts required to make the list has also increased again, from 108 to 118 – the highest entry hurdle on record. 
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Metricon Homes named HIA's number one residential builder for third year running

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A Tarneit home owner was awarded $289,589 after a faulty slab left his home cheaper to replace than to fix.
In a decision handed down by the Victorian Civil and Administrative Tribunal (VCAT), Australia’s self-proclaimed “largest new home builders” Metricon were found to have knowingly proceeded with the construction of Graham Hooper’s house despite receiving complaints that the home’s slab was built on poorly compacted soil. Metricon was ordered to pay for the demolition and reconstruction of the house and the loss of rental income, totalling $289,589.65. 
In 2006, as the home was being constructed, Hooper and surveyors found that the slab was built to an incorrect height. Rather than restarting construction, Metricon agreed to deduct $7,500 from the house price and import soil after completion to level the external landscape.
Within two months of moving into the house in October 2007, Hooper noticed cracks which became more severe in the following year, and his front bedroom window became jammed and Hooper was unable to open it. He complained to the builders, who refitted some windows and replastered some walls.
The tribunal heard that after moving interstate for work in 2009, Hooper received complaints from tenants about further cracking and the front door jamming. Metricon adjusted the front door once and Hooper told the tribunal that he paid for a carpenter to repair the home several times. Meanwhile the problems continued to increase, with windows jamming shut and more cracks appearing.
At one point, after several complaints from Hooper, Metricon inspected the house’s drainage system for plumbing leaks but none were found. Metricon then wrote to Hooper, telling him that the problems were due to “edge heave”, which it claimed was not its fault, but due to Hooper’s own landscaping and to “excessive garden watering.”
In 2011, Hooper decided to bring in an independent building and engineering expert, who concluded that the slab had skewed, the soil underneath was improperly compacted and the house would continue to move. The expert also concluded that it would be cheaper to demolish the house and rebuild it rather than repair it.
According to tribunal senior member R. Walker, Metricon was aware from 2006 that the soil was highly reactive and that it was imperative that the house was built as per the engineer’s plans. Not only was the foundational slab built incorrectly, but Metricon carried on with construction rather than addressing the initial problem, resulting in, as Walker put it, “a problem of its own making”.
Claims against the house’s engineer were dismissed in VCAT, as although the tribunal found that the engineer had at points breached its duty of care to Hooper, those breaches hadn’t resulted in any actual damage. 
 
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