Australia Has a Housing Shortage but Builders Are Still Collapsing. Why?

Australia: Major home building company Bathla collapses

Tens of thousands of building workers, contractors and home buyers will be impacted by the collapse, which may be a harbinger of a deepening insolvency crisis in the construction sector.

Bob Ell’s property giant takes control of major Bathla projects

Leda Holdings joins several other lenders to the collapsed Sydney business in rejecting efforts by administrators to keep the company operational.

As debt mounts for collapsed company, work continues on Bathla’s $5.5m family mansion

Construction may have been suspended on many of the collapsed developers projects, but it’s not the case for a property owned by the family.

Australian state unwilling to bail out debt-ridden home builder Bathla

Bathla has more than A$3 billion (US$2.2 billion) in debt owed to dozens of private lenders Read more at The Business Times.

New South Wales refuses bailout for debt-ridden home builder Bathla

New South Wales refuses to bail out debt-ridden Bathla Group, risking liquidation and delaying thousands of homes amid Australia's housing shortage. Read more at straitstimes.com.

Australia has a housing shortage but builders are still collapsing. Why?

Owing about $3.4 billion to private lenders, Bathla's voluntary administration has thrown the construction of more than 2,000 apartments into limbo, while jeopardising a further pipeline of 14,000 homes.