Story one of ten today, about five minutes for the lot

File image: Ornate heritage building facade with retail shops and pedestrians

Bathla Group suspends most projects, stands down 213 staff as cash runs out

Short-term funding allows only some Bathla projects to continue. The company stood down 213 workers.

Why it mattersA major developer collapse shakes the property market. It affects homebuyers, workers, and the construction industry already behind on housing targets.

AustraliaThousands of Australian home buyers are facing delays or losses; construction workers are stood down across NSW, SA and Victoria; the property market faces fresh pressure when it can least afford it.

Corroborated bysmh.com.au·theage.com.au

✓ Claims checked against the source. checked 3 d ago

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Aerial view of modern suburban homes with varied architecture along a residential street

✓ ABC NewsMoney & Work

Sydney and Melbourne luxury homes slide past 10 per cent from peak

Top-tier homes fell more than 10.7 per cent in Sydney and more than 10.5 per cent in Melbourne; low-priced properties held steady.

Why it mattersProperty investors and high-end sellers are bearing the brunt; tight affordability and investor caution could weigh on the broader market.