Porter Davis Homes, the country’s 12th-largest home builder, has gone into liquidation, leaving more than 1700 projects in the lurch across Victoria and Queensland.
Said Jahani, Matt Byrnes and Cameron Crichton of Grant Thornton Australia were appointed liquidators of 14 companies in the Melbourne-based Porter Davis Homes Group on Friday.
The much-anticipated drop-off of new sales after the pull-forward of work in the pipeline by the federal government’s HomeBuilder incentive scheme also contributed to the company’s collapse, the liquidators said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Home builder Porter Davis in troubleA large Victorian based home builder with more than 400 employees is teetering on the edge, leaving dozens of subcontractors unpaid and potentially hundreds of aspiring homeowners in limbo.
Read more »
Home builder Porter Davis in liquidation, stops all workPorter Davis has collapsed, stopping work immediately on 1700 builds in Victoria and Queensland, leaving dozens of subcontractors in limbo and liquidators scrambling to find new firms to take over the group’s contracts.
Read more »
Great Britain set for Davis Cup showdown with Australia in ManchesterGreat Britain will face last year’s runners-up Australia along with France and Switzerland in the group stage of the Davis Cup Finals at Manchester’s AO Arena in September.
Read more »
Inside the NRL’s slickest homes - realestate.com.auIt's probably fitting that the NRL's greatest players also boast the game's greatest homes. See inside the game's best homes and the luxury lifestyle the superstars live. 👇
Read more »
Powerful storm brings more wind, rain and snow to CaliforniaOnslaught has brought severe damage, including buildings crushed by snow, flooding and homes threatened by landslides
Read more »
Residents flee homes after fiery train derailment in MinnesotaResidents in a Minnesota town are evacuated from their homes after a train hauling ethanol and corn syrup derailed and caught fire.
Read more »