A Personal Message From Our Director to Customers
With recent media coverage regarding the building industry, I’d like to address Carlisle Homes’ financial position directly. I’d also like to reiterate what you’ve heard from me previously - that Carlisle Homes is in one of the strongest, if not the strongest, financial positions of all home builders in Australia.
Carlisle Homes was established in 2004, is 100% Australian owned, has completed over 20,000 homes and has traded profitably every year since 2009. Those profits have been reinvested back into the business, and I note that Carlisle has had zero bank debt for over 7 years now. Furthermore, we enjoy the confidence of our trades and suppliers - all of whom are paid on time.
| Number of homes built | Over 20,0000 |
| Product Review score | 4.7 out of 5 |
| Build Times (Single Storey) | 4 months |
| Build Times (Double Storey) | 5 -7 months |
As well as having no debt, we own all our 80 display homes outright, which is the largest display home network in metropolitan Melbourne.
We have continually invested in our business, our people and our customer experience. We were recently named the 2025 HIA Most Professional Major Builder in Victoria.
Through the Victorian Managed Insurance Authority (VMIA), Carlisle Homes’ Domestic Building Insurance (DBI) limit is currently $1.075 billion. Our available construction limit is over $400 million.
Carlisle Homes’ strong financial position is backed by over 20,000 homes built, zero bank debt, award-winning performance and a trusted reputation for quality and reliability.
In determining whether to provide eligibility for DBI to a builder, the VMIA will consider the risk of the builder becoming insolvent. The assessment includes a review of the builder’s and its directors past building performance, their abilities with respect to the quantity and type of projects they propose to undertake, and their management and technical skills.
The financial assessment process includes (but is not limited to) the following:
- Net tangible assets
- Net turnover growth
- Shareholders’ funds/sales
- Gross & net profit margins
- Interest cover (times covered)
- Work in Progress reports
- Debtor collection days
- Creditor payment days
- Working capital position
- Return on equity
- Return on assets
- Cash flow projections against actuals
- Statement of assets and liabilities of the directors/sole trader/partners
- Trust deeds
Rest assured that every Carlisle Homes customer who is required to pay a 5% deposit has the protection of Domestic Building Insurance for their project, and a DBI certificate is issued on the same day that the Housing Industry Association (HIA) building contract is signed.
I hope the above clarifies that Carlisle Homes is indeed in great shape financially, and we look forward to building your amazing new home.
Regards,
John Doulgeridis
Director
