Why are Bathla and other home builders collapsing?
- Bathla: 4 events in the last 90 days
- Previous: earlier the same day · More than 200 people stood down at embattled housing developer Bathla amid $3.4bn debt
What happened
Owing about $3.4 billion to private lenders, Bathla's voluntary administration has thrown the construction of more than 2,000 apartments into limbo, while jeopardising a further pipeline of 14,000 homes.
Summary assembled by rule from the sources below
Sources
News
- Why are Bathla and other home builders collapsing?ABC News (Australia)