Why the Bathla collapse is being compared to the GFC

Sep 10, 2026 – 5.00am

For years, rising property prices have underpinned enormous wealth creation in Australia. They have also masked a multitude of sins. But then came Bathla.

The downfall of the western Sydney developer, which owes over $3.4 billion to more than 40 lenders, has exposed a culture of high-risk borrowing and put the whole industry on notice.

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• The Fin
• Bathla Group
• Bathla collapse
• Residential property
• Private equity

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