Major Sydney property developer collapses after ‘perfect storm’, leaving buyers in limbo

Bathla Group says softening sales and impacts from federal government’s May budget contributed it being placed in voluntary administrationFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastEmbattled home builder Bathla Group has been placed into voluntary administration, leaving customers in limbo in what it says is a “perfect storm” of circumstances.It joins the long list of Australian residential builders and property developers which have entered voluntary administration or liquidation due to soaring material costs, labour shortages and fixed-price contracts. Continue reading...