Bathla's collapse exposes many issues in Australia's housing industry
The $3.4 billion collapse of the Bathla Group has exposed significant vulnerabilities in the Australian housing industry, including construction quality issues and supply chain instability. The failure threatens a large portion of the state's new housing pipeline.
Why it matters
The collapse highlights systemic failures in housing development regulation and the urgent need for better oversight to ensure affordable and safe housing supply.
There are many lessons, and consequences, from Bathla's collapse. ( Supplied: Bathla website )
Link copied Share Share article Maybe housing developers should be required to live in what they build.
In the lead-up to the $3.4 billion collapse of developer Bathla Group a fortnight ago, the NSW Building Commission conducted more than 40 inspections of its sites over concerns about building quality.
And then a few days later, The Financial Review carried a story headed : "The Bathla family mansion has to be seen to be believed. French cobblestones and a wrought iron gate. Multiple pools alongside a basketball court and a tennis court."
So, no housing quality problems for the Mohan family behind Bathla, it seems.
The struggling property developer was able to secure a short-term funding deal today, to continue construction works at some of its sites for another two weeks.
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