Builders have been secured for more than 200 properties left in the lurch when Melbourne-based Watersun Homes went bust.
More than 400 homes were left in various pre-contract or contract stages when the Victorian arm of Watersun went into administration a month ago.
Mega Homes, VM Builders and Ric Jelfs Custom Homes have been secured to complete about half the properties, administrators Rodgers Reidy say.
With the remaining properties, either the contracts had been terminated by the owners or a builder could not be secured to complete the homes, Rodgers Reidy director Mathew Gollant said in an email update.
Those owners will have to find their own builders to complete their homes.
About 90 full-time jobs were lost as a result of Watersun closing.
Mr Gollant advised once the company is in liquidation, employee claims will be verified through a federal government entitlements scheme.
Claims usually take 10 to 12 weeks to be paid.
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