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ABC News
ABC News
Business

Eight Homes and Urbanedge Homes parent Mahercorp company enters voluntary administration

Mahercorp is the parent company for builders Eight Homes and Urbanedge Homes. (Supplied: Mahercorp)

Construction firm Mahercorp has entered voluntary administration, adding to a growing tally of homebuilders facing financial difficulties amid rising cost pressures.

The construction of about 730 homes will be put on hold as Mahercorp, which is the parent company for builders Eight Homes and Urbanedge Homes, works with administrators.

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