Victorian Premier Daniel Andrews is not bailing out collapsed major builder Porter Davis saying it is the “right call.”
Porter Davis went into liquidation on March 31, affecting over 1,500 homes in Victoria and 200 in Queensland. An additional 779 signed contracts were in the pipeline but are yet to commence.
“If the bank is not prepared to fund you because your fundamentals are just not there, then I don’t know that would be a business that the Victorian government would want to bail out,” Andrews said on April 6.
At the same time, the premier has not ruled out supporting affected customers revealing while the government continues its investigation into whether the Porter Davis Homes Group (PDH Group) illegally left customers uninsured after taking their deposit….