Customers of a Victorian builder will pay more to have their home builds completed, as part of efforts to help the financially pressured company avoid liquidation.
Key points:
- Victorian home builder Harmac Homes was placed in voluntary administration in late August
- A majority of creditors and customers have voted to have the directors take back control of the business
- Customers will have to pay an increased price to their contract as part of this agreement
Harmac Group, which included the Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes brands, entered voluntary administration in late August.
The company avoided collapse, unlike other Victorian companies like Ballarat-based residential builder Bond Homes and Porter Davi…
Read the full article at: https://www.abc.net.au/news/2023-09-28/harmac-homes-avoids-liquidation-but-customers-face-higher-fees/102909198