Australia’s Evergrande moment as mega developer implodes
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Amid the collapse of mega Australian developer Bathla, administrators have revealed that the company owes $3.3 billion, plus the deposits of thousands of buyers of off-the-plan properties.
An editorial in the Australian Financial Review called Bathla’s collapse: “Australian private credit’s cockroach moment”
With the fall into voluntary administration of a developer that is currently building 25,000 homes in Sydney, commentary on the group’s collapse swiftly turned to the impact of the Albanese government’s federal budget.
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About the author
Tarric is an Australian freelance journalist and independent analyst who covers economics, finance, and geopolitics. Tarric is the author of the Avid Commentator Report. His works have appeared in The Washington DC Examiner, The Spectator, The Sydney Morning Herald, News.com.au, among other places.
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