Grant Thornton Partners confirmed it had been appointed liquidators of the Porter Davis Homes Group, covering 14 companies.
Englehart Homes is the only company in the group that is not subject to the liquidation.
Works on current builds will stop immediately although liquidators are working to find a solution to support customers and some employees, liquidators Grant Thornton said.
Porter Davis has more than 1500 homes in progress across Victoria and 200 properties in Queensland, while a further 779 customers have signed contracts where building is yet to commence.
Rising input costs, supply chain delays, labour shortages and dropping demand contributed to Porter Davis' collapse, the liquidators said.
"Notwithstanding the financial support from shareholders and lenders, the group has exhausted options to secure the further funding required to allow Porter Davis to continue to operate viably," Grant Thornton said in a statement.
"The directors were left with no option but to place the companies into liquidation.
The Porter Davis board of directors said they regretted the current circumstances but were hopeful a solution could be found to support Porter Davis customers in completing their homes.
They also acknowledged the group's 370 employees for their hard work and commitment to Porter Davis.
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