This article is from the Australian Property Journal archive
BUILDER Montego Homes gone into voluntary administration impacting 90 customers. 11 workers. 20 ongoing projects.
South Melbourne based Montego Homes has gone into voluntary administration.
The company blames market conditions.
Data released by the Australian Securities and Investments Commission (ASIC) showed the construction industry dominated the number of initial external administrators’ and receivers’ reports with 1,541 out of the total 5,440 recorded across all industries, or 28%.
Montego has 20 current projects under construction.
The collapse impacts 90 customers and 11 employees.
