I asked a relative of mine about those house building companies that offer to put you in a rented place while your house is built and they said that is too risky as people keep seeing stories on A Current Affair or whatever about people losing their money when a house building company goes out of business.
Is this really the case? Are there no house building companies that are safe in terms of giving your money to them to build a house? Is it much safer to buy a house that's already been built? If there are any "safe" house building companies in Melbourne which ones would they be and do they offer any guarantee or some kind of protection in case they do go out of business?
Thanks.
Is this really the case? Are there no house building companies that are safe in terms of giving your money to them to build a house? Is it much safer to buy a house that's already been built? If there are any "safe" house building companies in Melbourne which ones would they be and do they offer any guarantee or some kind of protection in case they do go out of business?
Thanks.

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