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Near-finished Porter Davis homes will be completed

April 15, 2023 BY

Liquidators have identified more than 250 Porter Davis homes able to be completed. Photo: JONO SEARLE/ AAP IMAGE

More than 250 unfinished Porter Davis homes will be completed while liquidators will introduce replacement builders to other affected customers.

The building company went into liquidation last week, leaving clients desperately seeking answers and more than 1700 Victorian and Queensland homes in limbo.

Appointed liquidators Grant Thornton have been working with staff, certifiers and home owners to find solutions for properties close to completion.

The liquidators have identified more than 250 homes that are expected to qualify for occupation certificates and are capable of being completed given how close they were to being finished.

Porter Davis staff will contact those customers to advise them of the next steps.

Grant Thornton will introduce others to replacement builders in the coming week so they can discuss how their build will be finished.

More than 20 builders have offered to help complete homes for Porter Davis customers.

The liquidators advise customers to still seek their own legal advice to ensure they don’t compromise their insurance entitlements.

“We appreciate this is a stressful time for all Porter Davis stakeholders,” a Grant Thornton spokesperson said.

“We thank you for your continued patience while we work to find alternative options and possible solutions for customers.”

The Victorian Government is also investigating whether Porter Davis illegally left customers uninsured after taking their deposits.

Builders in Victoria have to buy domestic building insurance policies on behalf of homeowners before they take deposits or any money for projects of more than $16,000.

The requirement falls under the Domestic Building Insurance Ministerial Order.

“We are looking at that actively,” said Premier Daniel Andrews.

“I just want to remind everybody in this industry, the law applies to everyone. It’s not a matter of choosing to lodge those insurance premiums.”

– BY TARA COSOLETO/ AAP