Hundreds of angry Porter Davis customers swamped an online meeting organised by liquidators of the collapsed builder on Tuesday, seeking answers about if and when their homes will be completed or whether they will get insurance.
Porter Davis, the country’s 12th largest home builder, left 1700 homes unfinished in Victoria and Queensland when it collapsed last Friday, abruptly halting work on all sites as liquidators laid off employees and began investigating the financial cause of its sudden implosion. “By the same token, I also want to say how incredibly frustrating it must be for customers. We do understand how emotionally charged and how difficult it is for a lot of you to be facing this situation where your builder has gone into liquidation, and you’re in a position where you don’t know what to do.”Jahani said there was strong interest from other builders in taking over parts of Porter Davis.
They said the reasons behind Porter Davis’ collapse were “well documented industry issues” including rising input prices, rising cost of trades and the lack of availability of trades against a backdrop of fixed price contracts signed months or years earlier.The liquidators confirmed that some contractors, suppliers and other parties had been getting unauthorised access to construction sites.