Amid the collapse of mega Australian developer Bathla, administrators have revealed that the company owes $3.3 billion, plus the deposits of thousands of buyers of off-the-plan properties.
An editorial in the Australian Financial Review called Bathla’s collapse: “Australian private credit’s cockroach moment”
With the fall into voluntary administration of a developer that is currently building 25,000 homes in Sydney, commentary on the group’s collapse swiftly turned to the impact of the Albanese government’s federal budget.
