In a country already strained by a housing shortage, New South Wales has declined to rescue Bathla Group, a major affordable housing developer that spent nearly three decades building homes across Sydney's western suburbs before accumulating more than three billion Australian dollars in debt it can no longer service. The refusal — echoed by the federal government — leaves 25,500 homes in various stages of construction in uncertain limbo, and casts a long shadow over Australia's private credit sector, which has grown to exceed two hundred billion dollars without the safeguards that public accou
NSW Refuses Bathla Bailout as Debt Crisis Threatens 25,500 Homes
Over 200 staff were stood down; thousands of homes under construction face delays or abandonment, affecting prospective homebuyers.