Major builder Bathla collapses with $3.4b debt

Bathla Group, one of Australia's largest affordable builders, owes $3.4 billion and has stalled more than 2,000 apartments.

Why it mattersThousands of Australians are waiting to find out if their homes will be built, while the nation falls further behind on critical housing targets.

AustraliaBathla's collapse directly affects thousands of Australian home buyers and subcontractors, deepening the country's severe housing shortage during a critical shortage crisis.

Corroborated bysbs.com.au·theconversation.com

✓ Claims checked against the source. checked 2 d ago

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Luxury homes plunge 10% while first-time buyers snap up bargains

Upper-quartile homes in Sydney and Melbourne have dropped over 10% from peaks, but lower-value properties are down less than 6%.

Why it mattersThe crash in luxury property means first-time buyers face less competition and better value at lower price points, but high-end investors are nursing steep losses.