Third director of Gold Coast building company charged over interstate housing scam

A MAN has been charged following a protracted three-year police investigation into the directors of Gold Coast-based building company, N1 Homes.

It’s alleged the local company dishonestly induced interstate investors to deliver over $2.628 million for the construction of houses in Queensland.

N1 Homes went into liquidation after it’s building licence was suspended by The Queensland Building and Construction Commission in September 2015.


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At this time, the company had not completed any of its building projects.

Following subsequent investigations by the Queensland Police Service’s Financial and Cyber Crime Group, a director of the company, a 50-year-old man, was today charged with 12 counts of serious fraud.

He is the third Director of N1 Homes to be charged, with two other Directors currently before the courts.

The man is due to appear in Brisbane Magistrates Court tomorrow morning.

Detective Superintendent Terry Lawrence of State Crime Command’s Financial and Cyber Crime Group said the investigation has been “complex and protracted”.

“But this investigation, conducted over three years, clearly highlights our commitment to prosecuting those elements of the community responsible for ripping off everyday Australians,” he said.

“I would encourage everyone thinking of investing their money to conduct as much research as they can before parting with their earnings.

“People have not only lost money in this situation, but they have also lost what they thought was their dream home and they are bitterly disappointed.

“We remain committed to bringing those responsible before the courts.”

Jaydan is a Digital News Producer at myGC.com.au. He was appointed Managing Editor of the Junee Southern Cross newspaper at the age of 17 and has since held positions in a number of newsrooms in New South Wales and Queensland. Jaydan joined the Hot Tomato Broadcasting Company in 2013 and has been keeping the Gold Coast up to date with the latest local, national and international news online at myGC.com.au ever since. With almost ten years’ experience in both print and digital media Jaydan is committed to providing the best coverage during major news and weather events.

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