Why the Bathla collapse is being compared to the GFC

Senior reporter Jonathan Shapiro and associate editor Primrose Riordan on how Bathla built its property empire, why it all fell apart and why its effects will be felt well beyond western Sydney. This podcast is sponsored by Elston. Further reading: Living in ‘half a house’: How Bathla turned cheap housing into a nightmare The downfall of the developer has left families stranded in half-built homes and sent shockwaves through the private credit market. This developer could be private credit's ticking time bomb Bathla Group, a property developer has almost $3.2 billion in debt, it will be private credit investors who could lose out. Bathla’s collapse has property insiders panicking like it’s 2007 Australia’s ever-rising property market has masked all manner of sins, particularly in private credit, which has been shown up for its lack of discipline. See omnystudio.com/listener for privacy information.