Bathla collapse leaves 2,000 apartment projects stranded
Bathla Group, one of Australia's largest affordable home builders, collapsed. It owed $3.4 billion. More than 2,000 apartments sit unfinished.
Why it mattersBathla's collapse threatens home buyers' deposits and shows weakness in construction finance during a housing shortage.
AustraliaThousands of Australians are now waiting to learn if their homes will be built; superannuation members have indirect exposure through private credit investments.
Corroborated bytheconversation.com
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