https://www.news.com.au/finance/busines ... a5f9723f30
Can't imagine the stress for those who are building with PD or recently completed and dealing with defects.
One of Victoria's biggest builders, for a while #3 behind Metricon and Simonds in VIC.
This is also a consequence of the end of the Home Builder scheme and all the COVID money washing out, as well as material costs, fixed price contracts and interest rates. Home starts have fallen off a cliff recently so the cash flow from deposits has dried up. Very tough for the industry.
Hopefully the liquidators can find another builder willing to take over PD projects.