Sydney homeowner faces $600,000 shortfall after builder leaves house with major defects

Darren Ayres has faced a three-year struggle with builder ANSA Homes, which left his Sydney home with significant defects and no roof for six months. The company went into liquidation last year, leaving Ayres with an estimated $800,000 in repair costs. The Home Building Compensation Fund, intended to assist homeowners like Ayres, has not kept pace with rising construction costs. The maximum payout of $340,000 has not changed since 2012, while Ayres is now $600,000 short for necessary repairs. ANSA Homes' financial troubles are under investigation, revealing concerns about insolvency and asset sales before liquidation. Liquidators are examining missing funds and payments to related parties, while the fund's adequacy is being reviewed.