Another major Australian builder collapses as construction crisis grows

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An "industry leading" building company in Victoria has become the latest builder to go under amid the nation's construction industry crisis.

Interface Constructions Victoria, which has been running for 35 years, has gone into administration following a number of credit inquiries.

The Collingwood-based company has a mix of residential and commercial projects on its website, having previously built childcare centres, schools and petrol stations around Victoria.

READ MORE: Victorians have already lost more than $125K to rental scams this year

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It also built the popular Yarra Valley winery Zonzo.

Administrators Richard Lawrence and Richard Albarran from Hall Chadwick were appointed to the company last Tuesday, according to a notice of appointment on the Australian Securities and Investments Commission (ASIC) website.

Hall Chadwick confirmed to 9News.com.au it was currently managing the administration of the business.

A virtual meeting is scheduled to take place on Friday between the creditors and the company.

Interface Constructions' collapse follows the the path of a series of other construction companies this year.

READ MORE: Hundreds who lost deposits to collapsed builder to be reimbursed

Melbourne-based Porter Davis Homes (PDH), one of Australia's largest construction giants, went into administration in March with more than 1500 homes partly built.

In February, luxury NSW apartment builder EQ Construction went into administration.

Major Queensland building company LDC went into administration in January, following WA Housing Group in December.

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