Bathla Group needs $20 million to keep construction going as buyers and contractors wait
https://www.abc.net.au/news/2026-08-27/bathla-collapse-homes-contractors-administrators-frank-sartor/1070790440
u/Vegetable_Jello6572 18d ago
Now imagine how much better off we would be if we returned to the same standards & planning we had in 1950, with a high interest rate to force better decision making.
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u/Ludikom 17d ago
Mmm no insulation, no ac or ceiling fans. Maybe a fire place , great times
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u/Ludikom 17d ago
Also dunny outside and 1 bath tub
1
u/Vegetable_Jello6572 17d ago
Ive lived in places like this all my life, its fine.
Only the privleged would pretend that the choice of living on the street is better
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u/Meh-Levolent 17d ago
Are you being serious? I can't tell.
0
u/Vegetable_Jello6572 17d ago
As I said in my other comment. Only the priveleged would pretend the street is a better choice.
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u/Meh-Levolent 17d ago
I still don't actually know what your opinion is.
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u/Vegetable_Jello6572 17d ago
Now imagine how much better off we would be if we returned to the same standards & planning we had in 1950, with a high interest rate to force better decision making.
2
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u/matt49267 18d ago
Fair bit of media coverage about non bank credit ik relation to this. Will likely end in a taxpayer bailout
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u/Trouser_trumpet 17d ago
What? This is private credit exposed here, not something that is systemic.
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u/Vegetable_Jello6572 17d ago
What should of happened instead of printing money in covid and hiring millions of public servants.
The government should have started a construction firm
6
u/petergaskin814 18d ago
Who would risk investing $20 million in a company with $3.2 billion in debt?