Aussie home builder collapses into administration, blaming budget changes and soft market

August 25, 2026 - 10:54

Administrators from Grant Thornton have been appointed to oversee the process. The firm will now assess the company's financial position and look for potential buyers for its unfinished projects. Porter Davis had been working on around 1,700 homes across the two states at the time of the collapse, leaving many families in limbo with partly built houses and paid deposits.

The builder's statement pointed to a combination of factors, including rising interest rates, higher construction costs, and the government's decision to phase out certain home building incentives. The company said these changes, along with a softer market, made it impossible to secure new contracts at viable prices.

This collapse adds to a growing list of Australian residential builders and property developers that have failed over the past year. Industry groups have warned that more companies could follow unless there is a significant shift in consumer confidence and government policy. For now, the immediate focus is on securing the unfinished homes and ensuring that subcontractors and suppliers are paid what they are owed.