Victorian-based home builder Porter Davis is going into liquidation, while a second construction firm has entered voluntary administration.
Construction has been suspended on all Porter Davis' projects, with 1,700 homes affected across Victoria and Queensland.
The construction company has about 470 employees and was forecasting revenue of $555 million in the 2023 financial year.
Customers and other creditors are being told to contact the liquidator Grand Thornton, as it investigates the reasons for the builder's collapse.
A spokesperson for the liquidator said the company ran out of options.
Read More: https://www.abc.net.au/news/2023-03-31/home-builder-porter-davis-liquidation-lloyd-group-administration/102170136
