The western Sydney home builder’s collapse leaves roughly 15,000 properties under construction and puts agents managing off-the-plan settlements on alert.
At a glance
Western Sydney builder Bathla Group has entered voluntary administration owing $3 billion, with roughly 15,000 properties under construction across Sydney’s west now in limbo. The collapse stems from falling sales, rising construction costs the company absorbed itself, and budget changes – adding to 1,522 construction failures in NSW this financial year – so agents handling buyer inquiries on stalled projects should expect demand for updates and reassurance on completion timelines.
Western Sydney home builder Bathla Group has been placed into voluntary administration, leaving buyers, agents and contractors across its projects in limbo.
According to The…