Housing Supply Tightens as Developer Collapses and Auctions Stall

The collapse of major Sydney developer Bathla Group has left over 200 workers stood down and thousands of homebuyers in limbo, with $3.4bn in debt and only partial funding secured to continue work on some of its 45 construction sites. This is a stark symptom of a financing crunch, where private credit costs are soaring and lenders are pulling back, threatening to slow new housing supply just as the market desperately needs more stock. The fallout could ripple through...