By Victoria Stone-Meadows
More than 200 properties that were the responsibility of Watersun Homes will be left in the hands of jilted home owners after the company was unable to find builders to take over the works.
Many of the homeowners terminated their contacts after Waterson announced the company was going into administration in late February.
The announcement cast a shadow of doubt over the future of more than 400 unfinished houses across the state.
However, some Watersun clients that want to see their homes built have been left in the lurch and will need to find their own builder to take over the contract.
Three new builders have been contracted to complete the remaining 200 unfinished houses across Victoria after Watersun Homes collapsed.
Mega Homes, VM Builders and Ric Jelfs Custom Homes will take over houses from Watersun that are in pre-contract or contract stages of development.
Any home owners that have contacts covered by the Victorian Managed Insurance Authority will be able to make a claim against Watersun Homes.
A meeting of Watersun Homes creditors will be held on 5 April to determine if the company should be liquidated and the business’s assets will be assessed and sold for creditor debt recovery.
