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…