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Bathla Crisis Exposes Australia's Property Lending Risks

Insolvent Australian property developer Bathla Group has secured enough stopgap funding to survive a few weeks, but it still faces $2.5 billion in creditor claims. Thousands of homebuyers remain in li...

Insolvent Australian property developer Bathla Group has secured enough stopgap funding to survive a few weeks, but it still faces $2.5 billion in creditor claims. Thousands of homebuyers remain in limbo after the firm told 213 staff members

to stop work, halting construction on some projects. Bloomberg Economist James McIntyre and Private Credit Reporter Sharon Klyne join "Bloomberg: The Asia Trade" to discuss the implications for Australia's property sector. (Source: Bloomberg)

SOURCE: Bloomberg - Markets
ORIGINAL REPORT: Click here
DHALLO EDITORIAL STATUS: Aggregated & reviewed
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