The collapse into administration of Sydney developer Bathla Group, which reported more than $3 billion in liabilities, is a shock to many homebuyers with off-the-plan contracts and employees whose jobs are now in limbo.It should also be a wake-up call for private credit investors who have piled into the asset class without asking what, exactly, they own.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Bathla collapse exposes private credit investor’s perfect storm
The industry emerged in the 2010s with rising property prices and cheap money. Now it faces its first test with higher interest rates and a housing downturn.
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